Loading...
Loading...
Microsemi Corporation
MSCC announced today that its wholly-owned subsidiary, PETT Acquisition Corp., successfully completed its previously announced tender offer to purchase all outstanding shares of Symmetricom
SYMM for $7.18 per share in cash. The tender offer expired at 12 a.m. EST at the end of Nov. 25, 2013. Microsemi expects to complete the acquisition of Symmetricom later today through a merger under Section 251(h) of the General Corporation Law of the State of Delaware.
Based on information provided by American Stock Transfer and Trust Company, LLC, the depositary for the tender offer, as of the expiration of the tender offer, approximately 32,567,791 million shares were validly tendered and not withdrawn in the tender offer, representing approximately 67.6 percent of the sum of (i) Symmetricom's then outstanding shares plus (ii) (without duplication) a number equal to the number of Symmetricom shares issuable upon the vesting (including vesting solely as a result of the consummation of the tender offer), conversion, settlement or exercise of all then outstanding warrants, options, benefit plans, obligations or securities convertible
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in