Imagination investors approve sale to China-backed fund

LONDON (Reuters) – Imagination Technologies shareholders approved a 550 million pound ($730 million) cash takeover by China-backed Canyon Bridge on Tuesday, a day after the buyout firm’s founder was charged by U.S. authorities with insider trading.

The headquarters of technology company Imagination Technologies is seen on the outskirts of London, Britain, June 22, 2017. REUTERS/Hannah McKay

Canyon Bridge’s offer to buy the British chip designer was announced on Sept. 22, a week after its bid to buy Lattice Semiconductor Corp was blocked by U.S. President Donald Trump over national security concerns.

Canyon’s founder Benjamin Chow was charged on Monday with insider trading in a case related to the attempted U.S. deal.

However, a spokeswoman for Canyon said on Tuesday that the Imagination deal would not be jeopardized by the allegations, adding that Chow denies wrongdoing and intends to defend the case in court..

Canyon’s takeover bid values the troubled company at 182 pence per share, a near 42 percent premium to Imagination’s closing price on Sept. 22. It was put up for sale after its shares fell 70 percent in April when Apple, its biggest customer, said it would stop using its graphics technology.

A court hearing to approve the Imagination takeover, which was agreed only days after the Committee on Foreign Investment in the United States rejected Canyon’s proposed $1.3 billion acquisition of Lattice, is expected to be held on Nov. 6.

Following Trump’s decision to bar Canyon Bridge from buying Lattice, the British government said it wanted more say over deals in the military and technology sectors, making proposals to tighten Britain’s existing takeover rules.

Canyon Bridge was founded by Chow with capital originating from China’s central government and had indirect links to Beijing’s space program.

The Acting United States Attorney for the Southern District of New York and the Federal Bureau of Investigation alleged on Monday that Chow had conspired to commit securities fraud by sending information regarding the Lattice bid to an unnamed friend and former colleague.

($1 = 0.7534 pounds)

Reporting by Ben Martin and Pamela Barbaglia; Editing by Greg Mahlich and Alexander Smith

Our Standards:The Thomson Reuters Trust Principles.

A2 Hosting Web Host Partners With CloudFlare for CDN

A2 Hosting, a popular web host provider, announces its partnership with CloudFare to provide their customers with content delivery network solution for free.

A2 Hosting
A2 Hosting

Greatresponder.com-2011-03-12- A2 Hosting, a popular web host provider, announces its partnership with CloudFare to provide their customers with content delivery network solution for free.

CloudFlare provides websites with excellent optimization of their web pages sent to their visitors. The global network spearheads the overall web page delivery hence visitors will experience faster webpage loading.

A2 Hosting will offer their customers with the CDN Hosting through the cPanel control panel. Once the customer will activate the CDN account in the cPanel, the entire web page content will then be routed to CloudFlare’s global network. This will give customers faster websites at 30 percent more efficient.

A2 Hosting marketing manager Brad Litwin says, “When we tested CloudFlare, we were thoroughly impressed by its features, especially CloudFlare’s clearly evident capability to increase a site’s performance. We are very excited to offer this CDN to our customers, for free no less, and allow them to opt into CloudFlare’s network with a single click.”
Aside from CLoudFlare’s exclusive optimization, customers of A2 Hosting will also get full benefit of less attacks and crawlers. CloudFlare also offers a beneficial service of blocking crawlers that squander the site’s bandwidth and resources. The Project Honey Pot is being utilized by CloudFlare to identify threats and attacks prior to reaching the website. Customers then will have greater security of their website.

To avail of A2 Hosting’c CDN hosting, visit their website in this link: http://greatresponder.com/a2hosting

 

A2 Hosting Offers Unlimited On Entry Level Web Hosting Plan

A2 Hosting, a hosting company located at Ann Arbor, MI, has upgraded their StartUp plan with unlimited bandwidth and disk space. Now site owners can enjoy boundless connectivity and space in starting their own website.

Greatresponder.com – 2011-02-20 – A2 Hosting, a hosting company located at Ann Arbor, MI, has upgraded their StartUp plan with unlimited bandwidth and disk space. Now site owners can enjoy boundless connectivity and space in starting their own website.

The StartUp plan has been the most affordable web hosting deal offered by A2 Hosting. The new deal includes the very popular cPanel, a renowned control panel for its user friendly interface. Furthermore, users can enjoy easy installation of recognized web solutions such as Joomla, WordPress and Drupal using the exclusive Softaculous program.

Other features included in A2 Hosting’s StartUp plan are unlimited Email accounts, DIY A2 Site Builder,  99.9% guaranteed uptime, choice of PHP 5.2 or 5.3 and MySQL 5.1, 24/7 technical support and a 30 day money back guarantee.

Brad Litwin, Marketing Manager of A2 Hosting, believed that the new StartUP package will pave the way for website owners to recognize the great capacity of A2 Hosting. Each package will guarantee excellent solutions that will supply to every webmaster’s needs.  The 30 day money back guarantee will make every package in A2 Hosting guaranteed risk free.

The A2 Hosting Startup Plan is now offered at a great discount price of $3.46 per month. Using the coupon code SAVE30, website owners can enjoy a 30% discount in their StartUp Plan including all unlimited offers.

See more of this excellent deal of A2 Hosting’s StartUp Plan in this link: http://greatresponder.com/a2hosting