SANTA CLARA, Calif., Apr 5, 2002 /PRNewswire-FirstCall via COMTEX/ -- DSP
Group, Inc. (Nasdaq: DSPG) ("DSPG") and Parthus Technologies plc (Nasdaq: PRTH;
LSE: PRH) ("Parthus") jointly announce that DSPG has received irrevocable
undertakings from the holders of approximately 36% of the issued Ordinary Share
capital of Parthus to vote in favor of the proposed merger of Parthus and Ceva,
the DSP intellectual property licensing subsidiary of DSPG, announced earlier
today. This satisfies a pre-condition to the proposed merger.
The directors of DSPG and the directors of Ceva accept responsibility for the
information contained in this announcement other than that relating to the
Parthus group, the directors of Parthus, their immediate families, related
trusts and persons connected with them. To the best of the knowledge and belief
of the directors of DSPG and Ceva (who have taken all reasonable care to ensure
that such is the case), the information contained in this announcement for which
they accept responsibility is in accordance with the facts and does not omit
anything likely to affect the import of such information.
The directors of Parthus accept responsibility for the information contained in
this announcement relating to the Parthus group, the directors of Parthus, their
immediate families, related trusts and persons connected with them. To the best
of the knowledge and belief of the directors of Parthus (who have taken all
reasonable care to ensure that such is the case), the information contained in
this announcement for which they accept responsibility is in accordance with the
facts and does not omit anything likely to affect the import of such
information.
Morgan Stanley is acting for DSPG and Ceva and no one else in connection with
the Merger and the Scheme and will not be responsible to anyone other than DSPG
and Ceva for providing the protections offered to clients of Morgan Stanley, nor
for providing advice in relation to the Merger and the Scheme.
Goldman Sachs International is acting for Parthus and no one else in connection
with the Merger, the Scheme and the Capital Repayment and will not be
responsible to any other person for providing the protections offered to clients
of Goldman Sachs International, or for providing advice in relation to the
Merger, the Scheme and the Capital Repayment (as such terms were defined for the
purposes of the Announcement of the Merger).
Enquiries:
DSP Group, Inc., Tel: +1-408-986-4423
Yaniv Arieli, Investor Relations
Morgan Stanley & Co. Limited, Tel: +44-20-7425-5000
Geoff Baldwin, Managing Director,
Duncan Priston, Vice President
Parthus Technologies plc, Tel: +353-1-402-5700
Barry Nolan
Goldman Sachs International, Tel: +44-20-7774-1000
Basil Geoghegan, Executive Director
Financial Dynamics, Tel: +44-20-7831-3113
James Melville-Ross
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SOURCE DSP Group, Inc.
CONTACT: Yaniv Arieli, Investor Relations of DSP Group, Inc.,
+1-408-986-4423; or Geoff Baldwin, Managing Director, or Duncan Priston,
Vice President, both of Morgan Stanley & Co. Limited, +44-20-7425-5000; or
Barry Nolan of Parthus Technologies plc, +353-1-402-5700; or Basil Geoghegan,
Executive Director of Goldman Sachs International, +44-20-7774-1000; or
James Melville-Ross of Financial Dynamics, +44-20-7831-3113
/Company News On-Call: http://www.prnewswire.com/comp/112025.html
URL: http://www.dspg.com
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