Gowling WLG advises ViXS Systems on acquisition by Pixelworks

02 August 2017

On August 2, 2017, ViXS Systems Inc. was acquired by Pixelworks, Inc. in an all-stock transaction by way of a plan of arrangement under the Canada Business Corporations Act.

ViXS Systems shareholders received 0.04836 shares of Pixelworks' common stock for each common share of ViXS Systems, resulting in the issuance of approximately 3.7-million shares of Pixelworks common stock, valued at approximately USD$17.7-million.

Gowling WLG advised ViXS Systems with a team co-led by Faran Umar-Khitab and Kathleen Ritchie that included Peter Doelman (M&A), Michael Watson (commercial litigation) and Mark Josselyn (employment, labour & equalities). Paul Carenza provided tax advice.

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