Adesto® Announces Expiration of Hart-Scott-Rodino Waiting Period for Proposed Transaction with Dialog Semiconductor
ADESTO TECHNOLOGIES CORP COMMON (IOTS)
Last adesto technologies corp common earnings: 3/16 05:11 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
SANTA CLARA, Calif., April 14, 2020 (GLOBE NEWSWIRE) -- Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and embedded systems for the IoT, announced expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”) in connection with the previously announced acquisition of Adesto by Dialog Semiconductor plc (XETRA:DLG). Under the terms of the definitive agreement announced on February 20, 2020, Dialog will acquire all outstanding shares of Adesto for $12.55 per share in cash, or for approximately $500 million enterprise value. Both Adesto and Dialog have proven track records of successfully completing acquisitions and believe this transaction will generate greater value for customers and stockholders of both companies. The transaction, which is expected to close in the third quarter of 2020, remains subject to Adesto shareholder approval as well as customary closi
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