Articles Tagged with ''acquisition''

GigOptix Inc., a leading supplier of advanced semiconductor communications components for use in Cloud connectivity, data centers, and high-speed optical and wireless networks, announced the signing of a definitive agreement to acquire Magnum Semiconductor Inc., a privately-held Milpitas, California-based provider of silicon ICs, SoCs, software, and IP for the professional video broadcast and IoT camera markets, in a cash and stock transaction valued at approximately $55 million net based upon the average closing price of GigOptix stock for the trailing thirty day period ended April 1, 2016.

Mercury Systems Inc. announced that it has signed a definitive agreement with Microsemi Corp. to acquire the embedded security, RF and Microwave, and custom microelectronics businesses of Microsemi.

Integrated Microwave Technologies (IMT), a leader in advanced digital microwave systems serving the broadcast, sports, entertainment and law enforcement markets, announced it has been acquired by xG Technology Inc. (xG), a leader in providing critical wireless communications for use in challenging operating environments.

Sony Corp. has reached an agreement with Altair Semiconductor and its major shareholders to acquire the company. The purchase price is $212 million (approximately 25 billion yen), and Sony expects to complete the acquisition in early February 2016. Altair, an Israel-based company, owns modem chip technology and related software for LTE (Long Term Evolution), a 4G cellular standard for mobile devices. Altair develops and sells products focused on LTE technology, and its modem chips stand out for their low power consumption, high performance and competitive cost.

ANADIGICS Inc. announced that affiliates of GaAs Labs LLC delivered to the company a proposed further amendment to the previously announced November 11, 2015 agreement and plan of merger pursuant to which GaAs Labs offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35  net in cash, pursuant to an all-cash tender offer and second-step merger, which amendment, among other things, increases the per-share offer price to $0.54.

For applications requiring extended electronic waveform acquisition and generation, Spectrum has announced a new storage system that works with their PC-based digitizer and generator cards to dramatically increase possible recording and replay times. The new system can be used with any of Spectrum's M2i, M3i or M4i series of PCIe digitizer or waveform generator cards and delivers data storage sizes from 1 to 32 TB with full support for continuous data streaming at rates up to 3 GB/s.

Comtech Telecommunications Corp. announced that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) with respect to the previously announced tender offer by its direct wholly owned subsidiary, Typhoon Acquisition Corp., for all outstanding shares of common stock of TeleCommunication Systems Inc. at a price of $5.00 per share, net to the seller in cash, without interest and less required withholding taxes and subsequent merger of Typhoon Acquisition Corp. with TCS terminated on December 18, 2015.

MACOM acquired Cobham Aeroflex's diode and transistor business for $38 million in cash, combining the #1 and #2 suppliers of RF/microwave diodes.

M/A-COM Technology Solutions Holdings Inc. (MACOM), a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products, announced that it has successfully completed its previously announced acquisition of FiBest Ltd. (FiBest), a Japan-based merchant market component supplier of optical sub assemblies, in an all-cash transaction valued at approximately $60 million.

ANADIGICS Inc. announced the expiration of the previously-announced "Go-Shop Period" and the receipt of acquisition proposals (as defined in the GaAs Labs Merger Agreement referenced below) for the company.