Lattice Semiconductor to Acquire Silicon Image for Approximately $600 Million
Combination Creates Global Leader in Wired and Wireless Connectivity Solutions
Expands Addressable Opportunities in Consumer, Industrial and Communications Markets
Identified Synergies of $32 Million; Expected to be Immediately Accretive to EPS on Non-GAAP Basis
HILLSBORO, Ore. & SUNNYVALE, Calif.-- Lattice Semiconductor Corporation (LSCC), a leading provider of programmable connectivity solutions, and Silicon Image, Inc. (SIMG), a leading provider of wired and wireless connectivity solutions, today announced that they have signed a definitive agreement, pursuant to which Lattice will acquire Silicon Image in an all-cash tender offer of $7.30 per share, representing an equity value of approximately $600 million (or approximately $450 million on an enterprise value basis) and a 34.6% premium to the average closing price over the last 90 trading days and a 23.7% premium to the closing price on January 26th.
- Published: 27 January 2015
- Written by Editor