UPDATE: Anadigics (ANAD) Tops Q3 EPS by 1c; Enters Merger Agreement with GaAs Labs Affiliates

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Go back to UPDATE: Anadigics (ANAD) Tops Q3 EPS by 1c; Enters Merger Agreement with GaAs Labs Affiliates

ANADIGICS Announces Definitive Agreement and Plan of Merger With Affiliates of GaAS Labs, LLC and Third Quarter Results

November 12, 2015 8:31 AM EST

Cash Tender Offer in Amount of $0.35 per Share or Approximately $32 MillionQuarterly Net Sales of $12.1 MillionNon-GAAP Gross Margin of 14.3%  Quarterly GAAP EPS ($0.07); Non-GAAP EPS ($0.06)

WARREN, N.J., Nov. 12, 2015 (GLOBE NEWSWIRE) -- ANADIGICS, Inc. (Nasdaq: ANAD) (the Company), a world leader in radio frequency solutions, today announced the Company has entered into a definitive agreement and plan of merger (the Agreement) with affiliates of GaAs Labs, LLC (collectively, GaAs Labs) and reported financial results for the third quarter of 2015.  The Company will be acquired for $0.35 per share through a cash tender offer,... More