Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: Anadigics bidding war?
26
Dec 10, 2015 01:11AM

Interesting!

“Under the terms of the Merger Agreement, the Company was permitted to solicit alternative Acquisition Proposals, as defined in the Merger Agreement, from third parties during a Go-Shop Period that ended at 11:59 p.m. New York City time on December 6, 2015. During the Go-Shop Period, discussions were held with 14 parties and the Company entered into additional non-disclosure agreements with five parties.

The Company announced on December 7, 2015 that the Go-Shop Period elicited Acquisition Proposals, which the Company Board has determined are likely to lead to a Superior Offer, as defined in the Merger Agreement. Therefore, certain bidders have been deemed Excluded Parties, as defined in the Merger Agreement, and the Company intends to continue negotiations with each of these parties."


Source: www.sec.gov/Archives/edgar/data/940332/000143774915021850/anad20151207_sc14d9a.htm

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