IT firm Zylog Systems today said it is eying acquisition in Canada and its board has given approval to go-ahead with the bidding process.
The board, at its January 9 meeting, approved "proposed acquisition in Canada and authorised the company to go ahead with the bidding process on the basis of the recommendation of the Merger and Acquisition committee", Zylog Systems Ltd said in a filing to the BSE.
"In the event of successful bidding, board has authorised the company to go ahead with the acquisition process,"it said.