🚀 go-pugleaf

The following announcement was release by THORN EMI on
13th December 1988:

"THORN EMI and SGS THOMSON MICROELECTRONICS announce that they
have reached a preliminary agreement regarding the proposed
acquisition of INMOS Limited and its Subsidiaries by the Holding
Company of the THOMSON SGS MICROELECTRONICS Group associated with
a participation of THORN EMI plc in such holding company.  This
agreement is subject to approval of the respective Boards of the
Parties, their Shareholders and various regulatory authorities."

For information, SGS Thomson Microelectronics (STM) is one of the
`big three' European semiconductor companies, with a turnover of
about $1 billion.  It was formed in April 1987 by merging SGS and
the microelectronics part of Thomson.  It is 50% owned by the
Italian Government through STET, and 50% by the French Government
through Thomson.

Colin Whitby-Strevens
Manager Special Projects