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Staktek Corporation Finalizes Acquisition by Austin Ventures LP; $127.5 Million Deal for Memory Stacking Leader.

Publication: Business Wire
Publication Date: 21-AUG-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors/High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--Aug. 21, 2003

Staktek Corporation, the technology leader for memory stacking services, announced that its proposed acquisition by Austin Ventures LP was completed yesterday. The transaction was valued at $127.5 million, including $40 million in senior debt provided by Comerica Bank and Guaranty Bank.

Staktek Corporation, a pioneer in the design of memory stacking...

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