Anadigics Inc (ANAD) 0.85 $ANAD
ANADIGICS Announces That It Continues to Negotiate With a Competing Bidder
GlobeNewswire - Tue Feb 02, 4:40PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company"
today announced that one of the entities previously designated by the Company's Board of Directors as an Excluded Party under the now-terminated November 11, 2015 agreement and plan of merger between the Company and affiliates of GaAs Labs, LLC ("Party B" delivered to the Company on February 1, 2016 a proposed set of amended terms to Party B's previously announced January 21, 2016 unsolicited proposed merger agreement, which, among other things, contains an offer to acquire the Company's common stock for a price of $0.78 per share (the "February 1, 2016 Party B Proposed Amendment".
ANAD: 0.85 (unch)
ANADIGICS SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Anadigics, Inc. (ANAD) Over the Proposed Sale of the Company to II-VI Incorporated
BusinessWire - Fri Jan 22, 3:01PM CST
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Anadigics, Inc. ("Anadigics" or the "Company" (NasdaqCM:ANAD) for potential breaches of fiduciary duties in connection with the sale of the Company to II-VI Incorporated for approximately $61 million.
ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Anadigics Inc. -ANAD
PR Newswire - Wed Jan 20, 5:28PM CST
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Anadigics, Inc ("Anadigics" or "the Company" (Nasdaq- ANAD-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to II-VI Incorporated ("II-VI".
ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
ANADIGICS, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to II-VI Incorporated
BusinessWire - Tue Jan 19, 1:26PM CST
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Anadigics, Inc. ("Anadigics" (NASDAQ: ANAD) concerning the sale to II-VI Incorporated. Under the terms of the agreement, Anadigics shareholders will only receive $0.66 in cash for each share owned, which is virtually no premium over the 52-week high and significantly lower than at least one analyst's estimated value of $1.25 per share.
ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of ANADIGICS, Inc. of an Investigation Regarding the Fairness of the Sale of the Company to II-VI Incorporated - ANAD
ACCESSWIRE - Tue Jan 19, 10:10AM CST
NEW YORK, NY / ACCESSWIRE / January 19, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:
ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
GaAs Labs Announces Termination of Merger Agreement and Tender Offer for Shares of Anadigics
BusinessWire - Tue Jan 19, 7:45AM CST
GaAs Labs, LLC ("GaAs Labs" announced today that its wholly-owned subsidiaries, Aloha Holding Company, Inc. ("Aloha" and Aloha Acquisition Sub, Inc. ("Purchaser", pursuant to the Agreement and Plan of Merger, dated November 11, 2015 (the "Merger Agreement", among Aloha, Purchaser and ANADIGICS, Inc. (Nasdaq: ANAD) ("Anadigics", have terminated the previously announced cash tender offer to acquire all of the outstanding shares of common stock of Anadigics.
ANAD: 0.85 (unch)
ANADIGICS Announces That It Has Entered Into a Merger Agreement With II-VI Incorporated at an Offer Price of $0.66 Per Share
GlobeNewswire - Tue Jan 19, 6:30AM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company" today announced that, on January 15, 2016, it entered into a definitive agreement and plan of merger pursuant to which II-VI Incorporated ("II-VI" has offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.66 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "II-VI Merger Agreement". The offer price in the II-VI Merger Agreement constitutes an increase of $0.31 per share over the November 11, 2015 agreement and plan of merger pursuant to which affiliates of GaAs Labs, LLC offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement". On January 12, 2016, the Company announced that the $0.66 per-share offer from II-VI (an "Excluded Party," as defined in the GaAs Labs Merger Agreement, and referred to in the Company's January 12, 2016 announcement as "Party A" had been determined by the Company's Board of Directors to constitute a "Superior Offer," as that term is defined in the GaAs Labs Merger Agreement.
ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
Offer Price for Anadigics Keeps Rising, Shares Rocket
Zacks Equity Research - Zacks Investment Research - Wed Jan 13, 10:00AM CST
Anadigics (ANAD) said that it has received a superior offer of 66 cents per share from a competing bidder, after GaAs Labs matched its offer price of 62 cents per share.
ANAD: 0.85 (unch), IDTI: 20.74 (+0.23), MLNX: 44.03 (-0.24)
CORRECTING and REPLACING - ANADIGICS Announces That a Bidder Has Made a Superior Offer to Acquire the Company at $0.66 per Share
GlobeNewswire - Tue Jan 12, 2:15PM CST
In the news release, ANADIGICS ANNOUNCES THAT A BIDDER HAS MADE A SUPERIOR OFFER TO ACQUIRE THE COMPANY AT $0.66 PER SHARE by ANADIGICS, Inc. (Nasdaq:ANAD) over GlobeNewswire, we are advised by the Company that it has corrected the incorrect reference to "Party B" in the fifth paragraph, first sentence of the press release to "Party A". The complete, corrected release follows:
ANAD: 0.85 (unch)
ANADIGICS Announces That a Bidder Has Made a Superior Offer to Acquire the Company at $0.66 per Share
GlobeNewswire - Tue Jan 12, 8:28AM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company" today announced that affiliates of GaAs Labs, LLC ("GaAs Labs" delivered to the Company, on January 7, 2016, two proposed further amendments to the previously announced November 11, 2015 agreement and plan of merger pursuant to which GaAs Labs offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per-share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement". The first proposed amendment, among other things, if approved by the Company's Board of Directors, would have amended the GaAs Labs Merger Agreement to increase the Termination Fee (as defined in the GaAs Labs Merger Agreement). If the first proposed amendment were approved by the Company's Board of Directors, GaAs Labs proposed a second amendment to increase the per-share offer price to $0.62 net in cash (the "January 7, 2016 Conditional Proposed Amended GaAs Labs Merger Agreement".
ANAD: 0.85 (unch)
GaAs Labs Announces Further Extension of Tender Offer for Shares of Anadigics
BusinessWire - Fri Jan 08, 3:55PM CST
GaAs Labs, LLC ("GaAs Labs" announced today that its wholly-owned subsidiaries, Aloha Holding Company, Inc. ("Aloha" and Aloha Acquisition Sub, Inc. ("Purchaser", pursuant to the Agreement and Plan of Merger, dated November 11, 2015, among Aloha, Purchaser and ANADIGICS, Inc. (Nasdaq: ANAD) ("Anadigics", have further extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Anadigics. The tender offer, which was previously scheduled to expire at 11:59 P.M. (New York City time) on January 8, 2016, has been extended until 11:59 P.M. (New York City time) on January 25, 2016, unless further extended.
ANAD: 0.85 (unch)
ANADIGICS Announces That a Competing Bidder Has Made a Superior Offer to Acquire the Company at $0.62 Per Share, Surpassing GaAs Labs's Amended Offer at $0.58 Per Share
GlobeNewswire - Wed Jan 06, 7:45AM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company" today announced that on January 4, 2016 affiliates of GaAs Labs, LLC ("GaAs Labs" delivered to the Company a proposed further amendment to the previously announced November 11, 2015 agreement and plan of merger pursuant to which GaAs Labs offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement". The proposed amendment, among other things, increases the per-share offer price to $0.58 (the "January 4, 2016 Proposed Amended GaAs Labs Merger Agreement". The $0.58 per-share offer price set forth in the January 4, 2016 Proposed Amended GaAs Labs Merger Agreement matched the $0.58 per-share price offered by a competing bidder ("Party A" whose December 29, 2015 offer the Company announced on December 30, 2015 had been designated by its Board of Directors as a "Superior Offer," as that term is defined in the GaAs Labs Merger Agreement.
ANAD: 0.85 (unch)
ANADIGICS Announces That a Competing Bidder Has Made a Further Amended Offer to Acquire the Company at a Per-Share Price of $0.68
GlobeNewswire - Thu Dec 31, 3:11PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company" today announced that one of the entities designated by the Company's Board of Directors as an "Excluded Party," as that term is defined in the previously announced November 11, 2015 agreement and plan of merger pursuant to which affiliates of GaAs Labs, LLC ("GaAs Labs" offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement", delivered to the Company after 11:00 p.m. Eastern Time on December 30, 2015 a proposed merger agreement that amends the Excluded Party's preceding offer that was announced by the Company on December 24, 2015 (the "December 30, 2015 Proposed Merger Agreement". The December 30, 2015 Proposed Merger Agreement offers, subject to the terms thereof, to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.68 per share net in cash, pursuant to an all-cash tender offer and second-step merger. The December 30, 2015 Proposed Merger Agreement raises certain material issues that need to be negotiated and resolved with the Excluded Party and there can be no assurance that those issues will be resolved to the satisfaction of the Company's Board of Directors.
ANAD: 0.85 (unch)
Anadigics (ANAD) Shares March Higher, Can It Continue?
Zacks Equity Research - Zacks Investment Research - Thu Dec 31, 8:05AM CST
As of late, it has definitely been a great time to be an investor in Anadigics, Inc. (ANAD)
ANAD: 0.85 (unch)
ANADIGICS Announces That a Competing Bidder Has Made a Superior Offer to Acquire the Company at $0.58 Per Share
GlobeNewswire - Wed Dec 30, 3:10PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company" today announced that a competing bidder's offer that the Company disclosed on December 23, 2015 had been determined by the Company's Board of Directors to be a "Superior Offer" delivered to the Company sometime after 9:00 p.m. Eastern Time on December 29, 2015 an amended proposed merger agreement pursuant to which the bidder, subject to the terms of said agreement, has increased its per-share offer price to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis from $0.54 to $0.58 net in cash, pursuant to an all-cash tender offer and second-step merger (the "December 29, 2015 Proposed Merger Agreement". The Company's Board of Directors, after consultation with its financial and legal advisors, has unanimously determined that the December 29, 2015 Proposed Merger Agreement constitutes a "Superior Offer," as that term is defined in the previously announced November 11, 2015 agreement and plan of merger pursuant to which affiliates of GaAs Labs, LLC ("GaAs Labs" offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement". As announced on December 29, 2015, GaAs Labs increased its per-share offer price to $0.54.
ANAD: 0.85 (unch)
GaAs Labs Matches Competing Bidder's Offer for Anadigics
Zacks Equity Research - Zacks Investment Research - Wed Dec 30, 10:10AM CST
Anadigics (ANAD) announced that GaAs Labs had amended its proposed buyout offer to match the competing bidder's bid of 54 cents per share.
ANAD: 0.85 (unch), CEVA: 31.85 (+0.06), IDTI: 20.74 (+0.23), MLNX: 44.03 (-0.24)
ANADIGICS Announces That GaAs Labs Has Matched the $0.54 Per-Share Offer Price of a Competing Bidder
GlobeNewswire - Tue Dec 29, 7:00PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company" today announced that affiliates of GaAs Labs, LLC ("GaAs Labs" delivered to the Company a proposed further amendment to the previously announced November 11, 2015 agreement and plan of merger pursuant to which GaAs Labs offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement", which amendment, among other things, increases the per-share offer price to $0.54 (the "Proposed Second Amended GaAs Labs Merger Agreement". The $0.54 per-share offer price set forth in the Proposed Second Amended GaAs Labs Merger Agreement matches the per-share price offered by a competing bidder whose acquisition proposal the Company announced on December 23, 2015 had been designated by its Board of Directors as a "Superior Offer," as that term is defined in the GaAs Labs Merger Agreement. The Company's Board of Directors continues to evaluate all acquisition proposals.
ANAD: 0.85 (unch)
Anadigics Gets Buyout Offer from Excluded Party, Shares Up
Zacks Equity Research - Zacks Investment Research - Tue Dec 29, 9:20AM CST
Anadigics (ANAD) announced the receipt of a revised buyout offer from an unnamed party, boosting the company's share price amid increased acquisition interest.
ANAD: 0.85 (unch), CEVA: 31.85 (+0.06), IDTI: 20.74 (+0.23), MLNX: 44.03 (-0.24)
Anadigics Announces That it Has Received a Revised Offer From an Excluded Party
GlobeNewswire - Thu Dec 24, 12:25PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company" today announced that it has received a revised offer from an Excluded Party to acquire the Company. The Company's Board of Directors will evaluate this revised offer, which provides that it is to expire on December 31, 2015, along with the amended Acquisition Proposal from the Competing Bidder that was determined by the Company's Board of Directors to be a "Superior Offer" as disclosed by the Company on December 23, 2015.
ANAD: 0.85 (unch)
ANADIGICS Announces That It Continues to Negotiate With a Competing Bidder
GlobeNewswire - Tue Feb 02, 4:40PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company"
today announced that one of the entities previously designated by the Company's Board of Directors as an Excluded Party under the now-terminated November 11, 2015 agreement and plan of merger between the Company and affiliates of GaAs Labs, LLC ("Party B" delivered to the Company on February 1, 2016 a proposed set of amended terms to Party B's previously announced January 21, 2016 unsolicited proposed merger agreement, which, among other things, contains an offer to acquire the Company's common stock for a price of $0.78 per share (the "February 1, 2016 Party B Proposed Amendment". ANAD: 0.85 (unch)
ANADIGICS SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Anadigics, Inc. (ANAD) Over the Proposed Sale of the Company to II-VI Incorporated
BusinessWire - Fri Jan 22, 3:01PM CST
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Anadigics, Inc. ("Anadigics" or the "Company"
(NasdaqCM:ANAD) for potential breaches of fiduciary duties in connection with the sale of the Company to II-VI Incorporated for approximately $61 million. ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Anadigics Inc. -ANAD
PR Newswire - Wed Jan 20, 5:28PM CST
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Anadigics, Inc ("Anadigics" or "the Company"
(Nasdaq- ANAD-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to II-VI Incorporated ("II-VI". ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
ANADIGICS, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to II-VI Incorporated
BusinessWire - Tue Jan 19, 1:26PM CST
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Anadigics, Inc. ("Anadigics"
(NASDAQ: ANAD) concerning the sale to II-VI Incorporated. Under the terms of the agreement, Anadigics shareholders will only receive $0.66 in cash for each share owned, which is virtually no premium over the 52-week high and significantly lower than at least one analyst's estimated value of $1.25 per share. ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of ANADIGICS, Inc. of an Investigation Regarding the Fairness of the Sale of the Company to II-VI Incorporated - ANAD
ACCESSWIRE - Tue Jan 19, 10:10AM CST
NEW YORK, NY / ACCESSWIRE / January 19, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:
ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
GaAs Labs Announces Termination of Merger Agreement and Tender Offer for Shares of Anadigics
BusinessWire - Tue Jan 19, 7:45AM CST
GaAs Labs, LLC ("GaAs Labs"
announced today that its wholly-owned subsidiaries, Aloha Holding Company, Inc. ("Aloha" and Aloha Acquisition Sub, Inc. ("Purchaser", pursuant to the Agreement and Plan of Merger, dated November 11, 2015 (the "Merger Agreement", among Aloha, Purchaser and ANADIGICS, Inc. (Nasdaq: ANAD) ("Anadigics", have terminated the previously announced cash tender offer to acquire all of the outstanding shares of common stock of Anadigics. ANAD: 0.85 (unch)
ANADIGICS Announces That It Has Entered Into a Merger Agreement With II-VI Incorporated at an Offer Price of $0.66 Per Share
GlobeNewswire - Tue Jan 19, 6:30AM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company"
today announced that, on January 15, 2016, it entered into a definitive agreement and plan of merger pursuant to which II-VI Incorporated ("II-VI" has offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.66 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "II-VI Merger Agreement". The offer price in the II-VI Merger Agreement constitutes an increase of $0.31 per share over the November 11, 2015 agreement and plan of merger pursuant to which affiliates of GaAs Labs, LLC offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement". On January 12, 2016, the Company announced that the $0.66 per-share offer from II-VI (an "Excluded Party," as defined in the GaAs Labs Merger Agreement, and referred to in the Company's January 12, 2016 announcement as "Party A" had been determined by the Company's Board of Directors to constitute a "Superior Offer," as that term is defined in the GaAs Labs Merger Agreement. ANAD: 0.85 (unch), IIVI: 21.83 (+0.42)
Offer Price for Anadigics Keeps Rising, Shares Rocket
Zacks Equity Research - Zacks Investment Research - Wed Jan 13, 10:00AM CST
Anadigics (ANAD) said that it has received a superior offer of 66 cents per share from a competing bidder, after GaAs Labs matched its offer price of 62 cents per share.
ANAD: 0.85 (unch), IDTI: 20.74 (+0.23), MLNX: 44.03 (-0.24)
CORRECTING and REPLACING - ANADIGICS Announces That a Bidder Has Made a Superior Offer to Acquire the Company at $0.66 per Share
GlobeNewswire - Tue Jan 12, 2:15PM CST
In the news release, ANADIGICS ANNOUNCES THAT A BIDDER HAS MADE A SUPERIOR OFFER TO ACQUIRE THE COMPANY AT $0.66 PER SHARE by ANADIGICS, Inc. (Nasdaq:ANAD) over GlobeNewswire, we are advised by the Company that it has corrected the incorrect reference to "Party B" in the fifth paragraph, first sentence of the press release to "Party A". The complete, corrected release follows:
ANAD: 0.85 (unch)
ANADIGICS Announces That a Bidder Has Made a Superior Offer to Acquire the Company at $0.66 per Share
GlobeNewswire - Tue Jan 12, 8:28AM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company"
today announced that affiliates of GaAs Labs, LLC ("GaAs Labs" delivered to the Company, on January 7, 2016, two proposed further amendments to the previously announced November 11, 2015 agreement and plan of merger pursuant to which GaAs Labs offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per-share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement". The first proposed amendment, among other things, if approved by the Company's Board of Directors, would have amended the GaAs Labs Merger Agreement to increase the Termination Fee (as defined in the GaAs Labs Merger Agreement). If the first proposed amendment were approved by the Company's Board of Directors, GaAs Labs proposed a second amendment to increase the per-share offer price to $0.62 net in cash (the "January 7, 2016 Conditional Proposed Amended GaAs Labs Merger Agreement". ANAD: 0.85 (unch)
GaAs Labs Announces Further Extension of Tender Offer for Shares of Anadigics
BusinessWire - Fri Jan 08, 3:55PM CST
GaAs Labs, LLC ("GaAs Labs"
announced today that its wholly-owned subsidiaries, Aloha Holding Company, Inc. ("Aloha" and Aloha Acquisition Sub, Inc. ("Purchaser", pursuant to the Agreement and Plan of Merger, dated November 11, 2015, among Aloha, Purchaser and ANADIGICS, Inc. (Nasdaq: ANAD) ("Anadigics", have further extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Anadigics. The tender offer, which was previously scheduled to expire at 11:59 P.M. (New York City time) on January 8, 2016, has been extended until 11:59 P.M. (New York City time) on January 25, 2016, unless further extended. ANAD: 0.85 (unch)
ANADIGICS Announces That a Competing Bidder Has Made a Superior Offer to Acquire the Company at $0.62 Per Share, Surpassing GaAs Labs's Amended Offer at $0.58 Per Share
GlobeNewswire - Wed Jan 06, 7:45AM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company"
today announced that on January 4, 2016 affiliates of GaAs Labs, LLC ("GaAs Labs" delivered to the Company a proposed further amendment to the previously announced November 11, 2015 agreement and plan of merger pursuant to which GaAs Labs offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement". The proposed amendment, among other things, increases the per-share offer price to $0.58 (the "January 4, 2016 Proposed Amended GaAs Labs Merger Agreement". The $0.58 per-share offer price set forth in the January 4, 2016 Proposed Amended GaAs Labs Merger Agreement matched the $0.58 per-share price offered by a competing bidder ("Party A" whose December 29, 2015 offer the Company announced on December 30, 2015 had been designated by its Board of Directors as a "Superior Offer," as that term is defined in the GaAs Labs Merger Agreement. ANAD: 0.85 (unch)
ANADIGICS Announces That a Competing Bidder Has Made a Further Amended Offer to Acquire the Company at a Per-Share Price of $0.68
GlobeNewswire - Thu Dec 31, 3:11PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company"
today announced that one of the entities designated by the Company's Board of Directors as an "Excluded Party," as that term is defined in the previously announced November 11, 2015 agreement and plan of merger pursuant to which affiliates of GaAs Labs, LLC ("GaAs Labs" offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement", delivered to the Company after 11:00 p.m. Eastern Time on December 30, 2015 a proposed merger agreement that amends the Excluded Party's preceding offer that was announced by the Company on December 24, 2015 (the "December 30, 2015 Proposed Merger Agreement". The December 30, 2015 Proposed Merger Agreement offers, subject to the terms thereof, to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.68 per share net in cash, pursuant to an all-cash tender offer and second-step merger. The December 30, 2015 Proposed Merger Agreement raises certain material issues that need to be negotiated and resolved with the Excluded Party and there can be no assurance that those issues will be resolved to the satisfaction of the Company's Board of Directors. ANAD: 0.85 (unch)
Anadigics (ANAD) Shares March Higher, Can It Continue?
Zacks Equity Research - Zacks Investment Research - Thu Dec 31, 8:05AM CST
As of late, it has definitely been a great time to be an investor in Anadigics, Inc. (ANAD)
ANAD: 0.85 (unch)
ANADIGICS Announces That a Competing Bidder Has Made a Superior Offer to Acquire the Company at $0.58 Per Share
GlobeNewswire - Wed Dec 30, 3:10PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company"
today announced that a competing bidder's offer that the Company disclosed on December 23, 2015 had been determined by the Company's Board of Directors to be a "Superior Offer" delivered to the Company sometime after 9:00 p.m. Eastern Time on December 29, 2015 an amended proposed merger agreement pursuant to which the bidder, subject to the terms of said agreement, has increased its per-share offer price to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis from $0.54 to $0.58 net in cash, pursuant to an all-cash tender offer and second-step merger (the "December 29, 2015 Proposed Merger Agreement". The Company's Board of Directors, after consultation with its financial and legal advisors, has unanimously determined that the December 29, 2015 Proposed Merger Agreement constitutes a "Superior Offer," as that term is defined in the previously announced November 11, 2015 agreement and plan of merger pursuant to which affiliates of GaAs Labs, LLC ("GaAs Labs" offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement". As announced on December 29, 2015, GaAs Labs increased its per-share offer price to $0.54. ANAD: 0.85 (unch)
GaAs Labs Matches Competing Bidder's Offer for Anadigics
Zacks Equity Research - Zacks Investment Research - Wed Dec 30, 10:10AM CST
Anadigics (ANAD) announced that GaAs Labs had amended its proposed buyout offer to match the competing bidder's bid of 54 cents per share.
ANAD: 0.85 (unch), CEVA: 31.85 (+0.06), IDTI: 20.74 (+0.23), MLNX: 44.03 (-0.24)
ANADIGICS Announces That GaAs Labs Has Matched the $0.54 Per-Share Offer Price of a Competing Bidder
GlobeNewswire - Tue Dec 29, 7:00PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company"
today announced that affiliates of GaAs Labs, LLC ("GaAs Labs" delivered to the Company a proposed further amendment to the previously announced November 11, 2015 agreement and plan of merger pursuant to which GaAs Labs offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement", which amendment, among other things, increases the per-share offer price to $0.54 (the "Proposed Second Amended GaAs Labs Merger Agreement". The $0.54 per-share offer price set forth in the Proposed Second Amended GaAs Labs Merger Agreement matches the per-share price offered by a competing bidder whose acquisition proposal the Company announced on December 23, 2015 had been designated by its Board of Directors as a "Superior Offer," as that term is defined in the GaAs Labs Merger Agreement. The Company's Board of Directors continues to evaluate all acquisition proposals. ANAD: 0.85 (unch)
Anadigics Gets Buyout Offer from Excluded Party, Shares Up
Zacks Equity Research - Zacks Investment Research - Tue Dec 29, 9:20AM CST
Anadigics (ANAD) announced the receipt of a revised buyout offer from an unnamed party, boosting the company's share price amid increased acquisition interest.
ANAD: 0.85 (unch), CEVA: 31.85 (+0.06), IDTI: 20.74 (+0.23), MLNX: 44.03 (-0.24)
Anadigics Announces That it Has Received a Revised Offer From an Excluded Party
GlobeNewswire - Thu Dec 24, 12:25PM CST
ANADIGICS, Inc. (Nasdaq:ANAD) ("ANADIGICS" or the "Company"
today announced that it has received a revised offer from an Excluded Party to acquire the Company. The Company's Board of Directors will evaluate this revised offer, which provides that it is to expire on December 31, 2015, along with the amended Acquisition Proposal from the Competing Bidder that was determined by the Company's Board of Directors to be a "Superior Offer" as disclosed by the Company on December 23, 2015. ANAD: 0.85 (unch)
