Vimicro: Vimicro Announces Closing of Merger

BEIJING, Dec. 18, 2015 /PRNewswire/ -- Vimicro International Corporation (NASDAQ: VIMC) ("Vimicro" or the "Company"), a leading video surveillance technology and solution provider in China, announced today the completion of the merger (the "merger") with Vimicro China Acquisition Limited ("Merger Sub"), a wholly-owned subsidiary of Vimicro China (Parent) Limited ("Parent"), pursuant to the Agreement and Plan of Merger dated September 15, 2015 (as amended on November 3, 2015, the "Merger Agreement"), by and among Parent, Merger Sub and the Company. As a result of the merger, the Company ceased to be a publicly traded company and became a wholly-owned subsidiary of Parent. read more