ANADIGICS Enters Plan of Merger with Affiliates of GaAS Labs

On Nov 13, 2015

Warren-based ANADIGICS, Inc., a leader in radio frequency solutions, has entered into a definitive agreement and plan of merger with affiliates of California-based GaAs Labs, LLC 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, representing a premium of 38.2 percent based on the average closing price of ANADIGICS’ shares of common stock during the 30-day trading period ended November 11, 2015.

“We are excited to announce the planned transaction with GaAs Labs,” stated Ron Michels, chairman and CEO of ANADIGICS.  “We believe it will provide a platform to accelerate innovation and product development in support of revenue growth in our key target markets of CATV, Small Cell, WiFi and optical.  GaAs Labs brings a wealth of RF semiconductor industry knowledge and a proven track record of success that we expect will strengthen our ability to provide our customers with a broader portfolio of innovative and valuable product offerings.”

“We are thrilled to add ANADIGICS, an innovator of RF solutions for infrastructure and optical market applications, to our RF semiconductor portfolio,” said John Ocampo, co-founder and president of GaAs Labs.  “We look forward to leveraging ANADIGICS’ products and technologies as a platform for growth in an array of exciting communications markets.”

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