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LogicVision Inc & Virage Logic Corp	Update Date: 12/17/08
Date Announced: 12/02/08
Value (million $USD): 10.0 million U.S. Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	12/02/08
Date Originally Announced	12/02/08
Format	Merger	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	n/a
Value	10.0 million U.S. Dollar	Advisor Fees	n/a

SYNOPSIS
US - Virage Logic Corp agreed to acquire all the outstanding common stock of LogicVision Inc, a developer of silicon test solutions, via a tender offer for $1.05 in cash per share, or a total value of $10.028 mil.

TARGET
Name	LogicVision Inc (LGVN)
Industries	Semiconductors and related devices
City	San Jose
State	CA
Nation	United States
Incorporated in	DE
Public Status	Public
Business Description	LogicVision Inc, located in San Jose, California, develops silicon test solutions that enable its customer to achieve very device quality metrics, reduce overall cost of test, accelerate silicon bring-up and improve production and yield ramp times. The company was founded in 1992.
Advisors	Needham & Co Inc
Target Sales	12.1 million U.S. Dollar

ACQUIROR
Name	Virage Logic Corp (VIRL)
Industries	Computer programming services; Computer integrated systems design
City	Fremont
State	CA
Nation	United States
Incorporated in	CA
Public Status	Public
Business Description	Virage Logic Corp, located in Fremont, California, manufactures semiconductor intellectual property technology platforms, including embedded memory technologies which semiconductor companies integrate into complex system-on-a-chip devices for digital and Internet appliances, communications equipment, and computers; provide embedded memories, logic, and I/Os development services. The company was founded in 1996.
Advisors	NULL
Acquiror Sales	59.3 million U.S. Dollar

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