Items Tagged with 'offer'

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ANADIGICS announces GaAs Labs has matched $0.54 per share offer

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.


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ANADIGICS receives acquisition offer 37 percent above GaAs Labs deal

ANADIGICS Inc. announced that, on December 15, 2015, its board of directors, after consultation with its financial and legal advisors, has unanimously determined that an offer from a third party to acquire all of the outstanding shares of ANADIGICS common stock for $0.48 per share in cash pursuant to an all-cash tender offer and second-step merger constitutes a "Superior Offer" within the meaning of the previously announced agreement and plan of merger with affiliates of GaAs Labs LLC (the “Merger Agreement”).  


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