Lattice Semiconductor Corporation (NASDAQ:LSCC) Files An 8-K Other Events

Lattice Semiconductor Corporation (NASDAQ:LSCC) Files An 8-K Other Events
Item 8.01.    Other Events.

Lattice Semiconductor Corporation (“Lattice”) and Canyon Bridge Fund I, LP (“Canyon Bridge”) have jointly withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) under the Defense Production Act of 1950, as amended, to allow more time for review and discussion with CFIUS in connection with the proposed merger (the “Merger”) between Lattice and an indirect wholly-owned subsidiary of Canyon Bridge. The Merger was approved by the holders of approximately 77.83% of Lattice’s shares of common stock on February 28, 2017.

Lattice and Canyon Bridge previously filed a joint voluntary notice with CFIUS under the Defense Production Act of 1950, as amended. CFIUS accepted that notice for review, which commenced an initial 30-day review period. The 30-day review was followed by a 45-day investigation period. Before and during the review and investigation, Lattice and Canyon Bridge have been actively engaged with CFIUS. to CFIUS regulations, after the re-filing is accepted, a second 30-day review period will commence. At the end of that 30-day period, CFIUS will determine whether it will proceed with a second 45-day investigation period.

Lattice and Canyon Bridge remain fully committed to the Merger and plan to continue to actively engage in further discussions with CFIUS during its review, and to allowing Lattice’s stockholders to realize the value offered by the proposed transaction. There can be no assurances, however, that CFIUS will ultimately agree that the parties may proceed with the transaction, or, if a recommendation to prohibit or suspend the Merger is made, as to whether the President will decide to prohibit or suspend the Merger.

Story continues below


About Lattice Semiconductor Corporation (NASDAQ:LSCC)

Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure. The Company is a provider of customizable smart connectivity solutions based on its low power field programmable gate array (FPGA), video application specific standard product (ASSP), 60 gigahertz millimeter wave, and IP products to the consumer, communications, industrial, computing and automotive markets across the world. Its products include iCE40 Ultra/UltraLite, iCE40 LP/HX/LM, MachXO3, MachXO2, MachXO, HDMI Transmitters, HDMI Receivers, USB Type-C Port Controllers, Port Processors, Analog to HDMI/MHL Converters, MHL Transmitters, UltraGig 6400 and 802.11ad Chipsets.

Lattice Semiconductor Corporation (NASDAQ:LSCC) Recent Trading Information

Lattice Semiconductor Corporation (NASDAQ:LSCC) closed its last trading session 00.00 at 7.04 with 525,925 shares trading hands.

An ad to help with our costs