Organization: Newbridge Networks Corp

Tundra favours IDT offer as Gennum drops bid

Tundra Semiconductor Corp will likely become foreign-owned after receiving a superior bid to the sweetened offer made by Burlington-ON based Gennum Corp (R$, Match 30/09). San Jose CA-based Integrated Device Technology (IDT) has offered $120.8 million to acquire Tundra, an Ottawa-based fabless semiconductor firm. Gennum, which had already sweetened its original $86-million bid to $112…

March Networks plans to raise $75 million through IPO

March Networks Corp has announced its intent to go public. The Ottawa-based developer of video networking products filed a preliminary prospectus for an initial public offering that is expected to raise up to $75 million. Company chairman Terence Matthews (founder of Mitel Corp and Newbridge Networks Corp) owns 43.5% of March Network’s shares and options…