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ANADIGICS Announces That It Continues to Negotiate With a Competing Bidder

2016-02-03 02:25:12| Semiconductors - Topix.net

ANADIGICS, Inc. today announced that one of the entities previously designated by the Company's Board of Directors as an Excluded Party under the now-terminated November 11, 2015 agreement and plan of merger between the Company and affiliates of GaAs Labs, LLC delivered to the Company on February 1, 2016 a proposed set of amended terms to Party B's previously announced January 21, 2016 unsolicited proposed merger agreement, which, among other things, contains an offer to acquire the Company's common stock for a price of $0.78 per share .

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