MACOM Accepts Shares of AppliedMicro Tendered into Exchange Offer; To Announce First Quarter Fiscal Year 2017 Financial Results on January 31, 2017
The exchange offer expired at midnight,
As previously announced MACOM will acquire the remaining outstanding
shares of AppliedMicro's common stock through a merger of AppliedMicro
with and into a direct wholly owned subsidiary of MACOM, which MACOM
expects to complete prior to the opening of trading on NASDAQ on
First Quarter Fiscal Year 2017 Financial Results
In addition, MACOM today announced it will release first quarter Fiscal
Year 2017 financial results on
First Quarter Fiscal Year 2017 Conference Call
and Webcast Information: Date:
Time:
Conference Call Number: 1-877-837-3908
International
Call Number: +1-973-872-3000
Pass Code: 46453715
The conference call replay will be available for at least five business
days, beginning two hours after the call. The replay dial-in number is
1-855-859-2056, and the pass code is 46453715. International
callers should dial +1-404-537-3406 and enter the same pass code at the
prompt. Additionally, the conference call will broadcast live over the
About MACOM
MACOM enables a better-connected and safer world by delivering breakthrough semiconductor technologies for optical, wireless and satellite networks that satisfy society's insatiable demand for information.
Today, MACOM powers the infrastructure that millions of lives and
livelihoods depend on every minute to communicate, transact business,
travel, stay informed and be entertained. Our technology increases the
speed and coverage of the mobile
Keeping us all safe, MACOM technology enables next-generation radars for air traffic control and weather forecasting, as well as mission success on the modern networked battlefield.
MACOM is the partner of choice to the world's leading communications infrastructure, aerospace and defense companies, helping solve their most complex challenges in areas including network capacity, signal coverage, energy efficiency and field reliability, through its best-in-class team and broad portfolio of analog RF, microwave, millimeterwave, and lightwave semiconductor products.
MACOM is a pillar of the semiconductor industry, thriving for more than 60 years of daring to change the world for the better, through bold technological strokes that deliver true competitive advantage to customers and superior value to investors.
Headquartered in
MACOM, M/
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on MACOM management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, statements concerning the AppliedMicro transaction, including those regarding any impact on MACOM and its results of operations due to the acquisition, MACOM's execution of its announced strategies regarding the acquisition, realization of synergies and proposed divestiture activity. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "seeks," "should," "will," "would" or similar expressions and the negatives of those terms.
Forward-looking statements contained in this press release reflect
MACOM's current views about future events and are subject to risks,
uncertainties, assumptions and changes in circumstances that may cause
those events or our actual activities or results to differ materially
from those expressed in any forward-looking statement. Although MACOM
believes that the expectations reflected in the forward-looking
statements are reasonable, it cannot and does not guarantee future
events, results, actions, levels of activity, performance or
achievements, including the successful closing of the AppliedMicro
transaction. Readers are cautioned not to place undue reliance on these
forward-looking statements. A number of important factors could cause
actual results to differ materially from those indicated by the
forward-looking statements, including, among others, delays or inability
to close the AppliedMicro transaction, costs associated with the
AppliedMicro transaction, tender offer and financing of the AppliedMicro
transaction, delays or inability to halt, suspend or cease trading of
AppliedMicro on Nasdaq, delays or inability to engage with potential
buyers of the Compute business or complete any of the anticipated
divestiture and restructuring activities, matters arising in connection
with the parties' efforts to comply with and satisfy applicable
regulatory approvals and closing conditions relating to the AppliedMicro
transaction, delays in or inability to complete anticipated divestiture
and restructuring activities, disruption or disputes with buyers,
employees, customers, suppliers or licensors arising from the
acquisition or related divestiture activity, failure to achieve expected
synergies and other anticipated benefits of the AppliedMicro
transaction, disruption to our business following the AppliedMicro
transaction, the potential for weakness or less than expected strength
in our catalog business, continued weakness in our Networks business or
any of our other primary end markets, or in the optical networking
market generally or PON, Enterprise or
View source version on businesswire.com: http://www.businesswire.com/news/home/20170126005617/en/
Company Contact:
Vice President of IR
stephen.ferranti@macom.com
or
Investor
Relations Contacts:
EVP,
Investor Relations
lsievers@sheltongroup.com
or
Vice President, Investor Relations
sheltonir@sheltongroup.com
Source:
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