FTC Clears SMSC's $248M Bid For Conexant

By Abigail Rubenstein ( February 14, 2011, 5:12 PM EST) -- The Federal Trade Commission has granted an early termination of its antitrust review of Standard Microsystems Corp. 's proposed $284 million acquisition of fellow semiconductor maker Conexant Systems Inc. , but Conexant is still considering another suitor's bid. . . .

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