CSR on track to meet annual goals after solid first quarter
LONDON (ShareCast) - Chipmaker CSR said it was confident of meeting its annual expectations as trading in the first quarter of 2015 remained on track. In a short statement released on Wednesday, the London-listed group said trading in the three months to 27 March was in line with expectations, adding it expected to meet its annual and interim targets in 2015.
The FTSE 250 group is set to be acquired by US rival Qualcomm (Swiss: QCOM.SW - news) in a $1.6bn (£1bn) deal, which will be finalised this summer.
CSR (LSE: CSR.L - news) shares were flat at 886.00p at 09:35 on Wednesday.