MACOM Announces Early Termination of Hart-Scott-Rodino Antitrust Review
The transaction remains subject to various conditions, including the commencement, and completion, of MACOM's tender offer to purchase each outstanding common share of AMCC and other customary closing conditions. Both companies continue to expect that the transaction will close in the first calendar quarter of 2017.
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 photonic 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/
About AppliedMicro
Forward-Looking Statements
DISCLOSURE NOTICE: This document contains forward-looking information related to MACOM, AMCC and the proposed acquisition of AMCC by MACOM that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this document include, among other things, statements about the anticipated timing of closing of the acquisition. Risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing the acquisition (including the failure to obtain necessary regulatory approvals) in the anticipated timeframe or at all, including uncertainties as to how many of AMCC's stockholders will tender their shares in the tender offer and the possibility that the acquisition does not close; risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the proposed acquisition will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; disruption from the transaction making it more difficult to maintain business, contractual and operational relationships; negative effects of this announcement or the consummation of the proposed acquisition on the market price of MACOM's common stock and on MACOM's operating results; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the proposed acquisition; other business effects, including the effects of industry, market, economic, political or regulatory conditions; future exchange and interest rates; changes in tax and other laws, regulations, rates and policies; future business combinations or disposals; the uncertainties inherent in research and development, including the ability to sustain and increase the rate of growth in revenues for AMCC products; and competitive developments.
A further description of risks and uncertainties relating to MACOM and
AMCC can be found in their respective Annual Reports on Form 10-K for
the fiscal years ended
The information contained in this document is as of
Additional Information and Where to Find It
The exchange offer for the outstanding shares of AppliedMicro stock
described in this communication has not yet commenced. This announcement
is for informational purposes only and is neither an offer to purchase
nor a solicitation of an offer to sell shares, nor is it a substitute
for any materials that MACOM and its offering subsidiary,
Purchaser plans to file a tender offer statement on Schedule TO,
together with other related exchange offer documents, including a letter
of transmittal, in connection with the offer; AMCC plans to file a
Recommendation Statement on Schedule 14D-9 in connection with the offer;
and MACOM plans to file a registration statement on Form S-4 that will
serve as a prospectus for MACOM stock to be issued as consideration in
the offer and the mergers. These documents will contain important
information about MACOM, AMCC and the mergers. AMCC stockholders are
urged to read these documents carefully and in their entirety when they
become available before making any decision regarding exchanging their
shares. These documents will be made available to AMCC stockholders at
no expense to them and will also be available for free at the
In addition to the
View source version on businesswire.com: http://www.businesswire.com/news/home/20161213006098/en/
Company Contact:
Chief Financial Officer
bob.mcmullan@macom.com
or
MACOM
Investor Relations Contact:
Leanne K.
Sievers, 949-224-3874
EVP
or
Vice
President
sheltonir@sheltongroup.com
or
AppliedMicro
Investor Relations Contact:
Managing Director
suzanne@blueshirtgroup.com
Source:
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