Lattice Semiconductor to be acquired for $1.3 Billion

Posted 4 November 2016

Lattice Semiconductor announced that it has agreed to be acquired by Canyon Bridge Capital Partners  a  global private equity buyout fund with headquarter in Palo Alto, California — for approximately $1.3 billion inclusive of Lattice’s net debt, or $8.30 per share in cash.

Darin G. Billerbeck, President and Chief Executive Officer of Lattice, commented, “We are pleased to announce the transaction today with Canyon Bridge, which will unlock tremendous value for shareholders. This transaction is the culmination of an extensive review process with our Board, financial and legal advisers, and it delivers certain and immediate cash value to shareholders while reducing our execution risk. We are excited to leverage Canyon Bridge’s resources and market connections as we enhance our focus on executing our long-term strategic plan of continued innovation. Importantly, we will operate as a standalone subsidiary after the acquisition and do not expect any changes in our operations or our unwavering commitment to continued innovation for our customers.”

Ray Bingham, Founding Partner, Canyon Bridge, noted, “Lattice’s low-power FPGA franchise, along with its video connectivity and wireless solutions, make it a compelling, strategic investment. We expect the Company will continue to leverage its existing customer relationships with major OEMs globally, while further broadening the role of its technology solutions and accelerating its strategic plans.”

Benjamin Chow, Founding Partner, Canyon Bridge, added, “Equally critical in our decision to partner with Lattice is the Company’s world-class management team and its dedicated, highly experienced employee base. Our long-term interests are aligned with Lattice’s employees and customers. We plan to build upon Lattice’s achievements and are excited to provide the resources necessary to help the Company achieve significant growth and long-term success.”

in the picture: Darin G. Billerbeck, President and Chief Executive Officer of Lattice

ap



Contenuti correlati

  • TT Electronics completes Torotel acquisition

    TT Electronics announced it has officially completed the acquisition of Torotel, a US-based designer and manufacturer of high-reliability power and electromagnetic assemblies and components for the aerospace and defense markets. The acquisition increases TT’s capability in the...

  • Analog Devices to buy Maxim Integrated Products

    Analog Devices and Maxim Integrated Products announced that they have entered into a definitive agreement under which ADI will acquire Maxim in an all stock transaction that values the combined enterprise at over $68 billion. The transaction,...

  • u-blox acquired Rigado’s Bluetooth modules business

    u-blox announced it acquired Rigado’s Bluetooth modules business in an Asset Purchase Agreement. This acquisition will allow u-blox to extend their range of products in the area of Bluetooth low energy, Zigbee and Thread, as well as...

  • MaxLinear to acquire Exar

    MaxLinear will acquire rival analog chip maker Exar Corp. for about $700 million in cash, the companies said Wednesday. The acquisition significantly furthers MaxLinear’s strategic goals of increasing revenue scale, diversifying revenues by end customers and addressable...

  • Peregrine Semiconductor to acquire Arctic Sand Technologies

    Peregrine Semiconductor, a Murata company and the founder of RF Silicon on Insulator, has recently announced its acquisition of Arctic Sand Technologies, an MIT spin-off that designs and manufactures low-power semiconductors for use in DC-DC power conversion...

  • TDK in talks to buy InvenSense

    TDK reportedly offered $12 a share for InvenSense according to Reuters. The report added that the companies hope to conclude negotiations by the end of the year. InvenSense announced that it hired a financial advisor to evaluate...

  • Bourns Acquires Assets from Transtek

    Bourns announced that it has acquired specified assets used for the production and sale of the Transtek brand of magnetics products. Transtek magnetic components include custom transformers, inductors and coils for a variety of applications such as...

  • Altium announces the acquisition of Transfer BV

    Altium announces the acquisition of leading Netherlands-Based Reseller Transfer BV, a long-time and leading reseller of Altium.  Transfer BV is based in the Netherlands covering the regions of Belgium, Netherlands and Luxembourg.  Altium will leverage the strong capability...

  • Phillips-Medisize to be acquired by Molex

    Phillips-Medisize Corporation, a global leader in outsource design, development and manufacturing services for the medical industry,  has entered into a binding agreement to be acquired by Molex. Molex designs and manufactures electronic, electrical and fiber optic systems...

  • Silicon Labs: isolatori digitali multi-canale ad alta velocità

    Silicon Labs  ha annunciato i primi isolatori digitali multi-canale ad alta velocità, ideati per soddisfare le esigenze del settore dei controllori logici programmabili (PLC – Programmable Logic Controller). Tra le caratteristiche della nuova famiglia di isolatori Si838x...

Scopri le novità scelte per te x