DGAP-Adhoc
Dialog Semiconductor Plc.: TERMINATION OF MERGER DISCUSSIONS
Dialog Semiconductor Plc. / Key word(s): Merger
22.07.2014 07:52
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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London UK, 22 July 2014 - Further to the announcement made on 26 June 2014,
Dialog announces that, despite extensive discussions, it has been unable to
agree suitable terms for a transaction and has terminated discussions with
AMS AG ("AMS") regarding a possible merger of equals of the two companies.
Dialog will continue to execute on its strategy to become a leading
provider of analog mixed signal semiconductors for fast growing market
segments including smartphone, tablet, solid state lighting and the
emerging wearable and smart home segments. Dialog remains committed to
exploring opportunities to enhance its product portfolio and expand its
addressable market through strategic transactions.
Jalal Bagherli, CEO of Dialog, said:
"With the end of these discussions, it is business as usual, namely
delivering increasing value for our shareholders. We will continue on our
profitable growth path - as demonstrated by our track record - and build a
truly vibrant, global and diversified mixed signal semiconductor business."
Dialog will be providing its second quarter financial results as planned in
an earnings call scheduled for 30 July 2014.
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Information and Explaination of the Issuer to this News:
Enquiries:
Dialog
Jalal Bagherli +44 (0) 1793 757777
Mark Tyndall +1 408 621 6749
Jose Cano +44 (0) 1793 756961
Morgan Stanley (Financial Adviser to Dialog) +44 (0) 20 7425 8000
Johannes Groeller
Sumit Pande
Massimiliano Gino
About Dialog
Dialog creates highly integrated, mixed-signal integrated circuits (ICs),
optimised for personal portable, short-range wireless connectivity, LED
solid state lighting and automotive applications. The company provides
flexible and dynamic support, world-class innovation and the assurance of
dealing with an established business partner.
With its focus and expertise in energy-efficient system power management
and a technology portfolio that also includes audio, short-range wireless,
AC/DC power conversion and multi-touch, Dialog brings decades of experience
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