Investors to buy maker of circuits

Article Abstract:

Integrated Circuit Systems Inc. (ICS) announced that its board of directors has approved the sale of the company for $264 million. ICS will be acquired by a private investment group. ICS also said that it is selling $16 million worth of intellectual property and hardware to 3Com Corp. The private investment group consists of some unnamed ICS executives, and affiliates of Bear, Stearns & Co., and Bain Capital Inc.

Comment:

Board approves sale of company for $264 million to private investor group

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Asset sales & divestitures, Abstract, Integrated Circuit Systems Inc., ICST

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Tax breaks for two projects advance

Article Abstract:

The City Council took key steps in June 2004 towards granting tax breaks for a new Comcast Corp. skyscraper and building a new home for the Philadelphia Regional Produce Terminal. The 60-story Comcast tower could be under construction if the tax breaks receive final Council approval, and similar legislation passes in the General Assembly in June 2004.

Cable Television Systems, Cable Networks, Cable and other pay TV services, Taxes, Taxation, Cable television broadcasting industry, Comcast Corp., CMCSA

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