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Dialog Semiconductor Plc. Responds to Letter from Elliott Management Corporation

2015-11-11 12:01:44| Semiconductors - Topix.net

The transaction diversifies Dialog's existing customer concentration, increases Dialog's addressable market size, positions Dialog to capitalise on the large and growing Internet of Things opportunity, creates significant cost and revenue synergy potential and results in a company that will be a leader in markets that are profitable and growing rapidly over the next several years. Elliott's motivations appear to be based on a short-term risk arbitrage trade rather than long-term shareholder value creation.

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