Ixys makes $4.50 per share offer for Zilog

Zilog, also a semiconductor maker, in February said a $4.50 per share offer by remote-control maker Universal Electronics Inc. was too low. Zilog's stock closed at $3.62 the day before that offer.

Zilog said it received the offer and is reviewing it.

Last week, San Jose, Calif.-based Zilog said it narrowed its net loss to $1.9 million, or 11 cents per share, from $3.6 million, or 21 cents per share. Revenue fell 13 percent to $16.7 million.

In a letter to Zilog board of directors, Ixys said its offer "represents a fair market value for the company" and said Zilog has "unperformed" as an independent company.

Ixys shares rose 7 cents to $7.68 during aftermarket trading.