The closing of the deal is subject to completion of labor law related procedures and merger-control approvals, if applicable.
Forward Looking Statement
In addition to the historical information contained herein, this news release contains statements of future expectations and other forward looking statements (within the meaning of Section 27.A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on management's current views and assumptions and therefore inherently subject to risks and uncertainties.
Without limitation, the rapid evolution of technologies and demand for digital products in the very competitive wireless, tablets, consumer and automotive markets in which we operate, and the uncertainty of global and regional economic conditions and their impact on our business, are amongst the factors which could cause our actual results, performance or events to differ materially from those anticipated in forward looking statements.
"Item 3 Key-information – Risk factors" included in our Annual Report on Form 20-F for the year ended 31 December, 2011 as filed with the SEC on March 5, 2012 describes and sets forth in more detail these and some of the other risk factors which may impact our business.
We do not intend, do not assure any obligation to update, or continue to provide information with respect to any forward looking statement on risk factor, whether as a result of new information, future or subsequent events, circumstances or otherwise.
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power technologies and multimedia convergence applications. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2011, the Company's net revenues were
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