White Electronic Designs Abandons Sale Efforts

Phoenix-based White Electronic Designs Corporation, a developer of multi-chip, semiconductor packaging technology, said today that it has dropped its "strategic alternatives" process, finding that its sharedholders will be better served running as a stand-alone entity. The firm had earlier tapped Jeffries & Company and Wilson Sonsini Goodrich & Rosati to evaluate strategic alternatives to the firm; however, the firm said that after receiving a number of formal offers and indications of interest in the firm, it decided that the offers were not in the company's or shareholder's best interest.