UPDATE: AnalogicTech Files Petition to Initiate Arbitration in Delaware Chancery Court Related to Pending Acquisition by Skyworks

Advanced Analogic Technologies, Inc. AATI today announced that it has filed a Petition for Arbitration in the Delaware Chancery Court seeking specific performance of the Company's merger agreement with Skyworks Solutions, Inc. SWKS and to order Skyworks to close the transaction.  AnalogicTech is seeking declaratory judgment from the Court that AnalogicTech has not breached the merger agreement, no "material adverse effect" has occurred with respect to AnalogicTech, and Skyworks has breached its obligations under the merger agreement.