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FOCUS Enhancements and Faroudja signed a letter of intent for the merger of FOCUS into Faroudja. Under the agreement, each share of FOCUS common stock
Nov 1, 1999 12:00 PM,
Cindy Holst
FOCUS Enhancements and Faroudja signed a letter of intent for the merger ofFOCUS into Faroudja. Under the agreement, each share of FOCUS common stockwill be exchanged for 0.58 shares of Faroudja common stock. The agreementis subject to completing due diligence, executing a definitive mergeragreement, and obtaining customary regulatory and stockholder approvals.
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