IQE Regulatory News (IQE)

Merger update

The OFT has decided, on the information currently available to it, that a relevant merger situation, under the provisions of the Enterprise Act 2002, has not been created in the following mergers:

Completed acquisition by IQE plc of Kopin Wireless, a division of Kopin Corporation

Anticipated acquisition by Avis Budget Group, Inc. of Zipcar, Inc.

The full text of these decisions will be placed on the Office of Fair Trading's web site at www.oft.gov.uk as soon as is reasonably practicable.

In the event of media enquiries please call the OFT Press Office on 020 7211 8899.