Reuters logo
9 个月前
BRIEF-MACOM announces definitive agreement to acquire Applied Micro
2016年11月21日 / 下午12点37分 / 9 个月前

BRIEF-MACOM announces definitive agreement to acquire Applied Micro

Nov 21 (Reuters) - MACOM Technology Solutions Holdings Inc -

* MACOM announces definitive agreement to acquire Applied Micro

* Deal for $8.36 per share

* Transaction valued at approximately $770 million

* MACOM intends to divest non-strategic compute business within first 100 days of closing

* Transaction valued at approximately $770 million

* MACOM to benefit from over $600 million of tax net operating loss carry forwards

* MACOM will assume certain equity awards held by Applied Micro employees

* MACOM expects to pay cash portion of acquisition price from cash on hand

* To commence tender offer to purchase each outstanding common share of Applied Micro for about $8.36 per share

* MACOM intends to divest Applied Micro's compute business within 100 days from closing transaction

* MACOM will continue to support compute customers and partners during the transition

* Deal price consists of $3.25 in cash and 0.1089 MACOM shares per share of Applied Micro

* Excluding compute business,sees deal to be accretive to non-gaap gross margin, non-gaap operating margin, non-gaap EPS in fy 2017

* Applied Micro stockholders are expected to own approximately 15% of combined company on a pro forma basis

* MACOM announces definitive agreement to acquire Applied Micro Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below