Zilog to review acquisition proposal from Universal Electronics; shares up 24% 

BOSTON (Thomson Financial) - Zilog Inc. said Friday that it received an unsolicited proposal from Universal Electronics Inc. to acquire the company. <p> Financial terms of the proposal weren’t disclosed. <p> The San Jose, Calif.-based fabless semiconductor products provider said its board will promptly and carefully review and consider the proposal. <p> Zilog said in conjunction with its review, the board will also consider alternative courses of action, including continuing with the implementation of its current business plan which is designed to significantly enhance shareholder value. <p> The company has retained LRG Capital Corporate Advisory Group LLC as financial advisor. <p> Universal Electronics is a Cypress, Calif.-based provider of pre-programmed wireless control products.