Lattice Semiconductor Announces Expiration of HSR Waiting Period for Proposed Acquisition of Silicon Image
The waiting period for U.S. antitrust review under the
Hart-Scott-Rodino Antitrust Improvements Acts of 1976, as amended
(“HSR Act”) relating the proposed acquisition of
Silicon Imageexpired on February 24, 2015. The expiration of the waiting period under the HSR Act satisfied one of the conditions to closing of the tender offer.
The condition related to the marketing period in connection with the
financing for the transaction is expected to be satisfied before the
expiration time of the tender offer on
March 9, 2015. Other conditions remain to be satisfied, including the valid tender of at least a majority of outstanding Silicon Imageshares.
The tender offer is scheduled to expire at 12:00 midnight,
Notice to Investors
This communication does not constitute an offer to buy or a solicitation
of an offer to sell any securities. Lattice and Merger Sub have filed a
Tender Offer Statement on Schedule TO with
Forward-Looking Statements Notice
This news release contains forward-looking statements that involve
estimates, assumptions, risks and uncertainties. Any statements about
expectations, beliefs, plans, objectives, assumptions or future events
or performance are not historical facts and may be forward-looking.
Words or phrases such as “anticipates,” “believes,” “could,”
“estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,”
“may,” “will,” “should,” “continue,” “ongoing,” “future,” “potential”
and similar words or phrases identify forward-looking statements. The
forward-looking statements in this document address a variety of
subjects including, for example, statements relating to the closing of
the tender offer and related transactions and the expected timing of the
closing of the acquisition. Forward-looking statements are based on
current expectations and involve estimates, assumptions, risks and
uncertainties that could cause actual results to differ materially from
those expressed in the forward-looking statements. The following
factors, among others, could cause actual results to differ materially
from the forward-looking statements :
You should not unduly rely on forward-looking statements because actual results could differ materially from those expressed in any forward-looking statements. In addition, any forward-looking statement applies only as of the date on which it is made. Lattice does not plan to, and undertakes no obligation to, update any forward-looking statements to reflect events or circumstances that occur after the date on which such statements are made or to reflect the occurrence of unanticipated events.
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Lattice Semiconductor Corporation
Joe Bedewi, 503-268-8000
Chief Financial Officer
Global IR Partners
David Pasquale, 914-337-8801