News Article
Offer Price for Anadigics Keeps Rising
Undisclosed third-party offers 66 cents per share
Offers and counter-offers continue for RF company Anadigics. It has received a further amendment to a buyout proposal from an undisclosed third-party firm that increases the share offer price to 66 cents.
The company has declared this superior to the latest 62 cents a share offer from GaAs Labs, with which it had signed a definitive merger agreement back in November under which GaAs Labs initially offered to acquire Anadigics for 35 cents per share.
GaAs Labs has two business days to match or exceed the competing bidder's latest offer.
