New User:

Forgot your password?

Stock Market & Financial Investment News

News For BCDS;DIOD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2015
09:06 EDTDIODDiodes completes $413M Pericom acquisition
Diodes (DIOD) announced that it has completed its acquisition of Pericom Semiconductor (PSEM). The merger agreement was initially announced on September 3, 2015, and Pericom shareholders approved the transaction at a Special Meeting of Shareholders held on November 20, 2015. The transaction closed and became effective today, with each share of Pericom being converted into the right to receive $17.75 in cash, without interest. The aggregate consideration will be approximately $413M, including the value of Pericom equity awards paid out or converted to Diodes equity awards. As a result of the transaction's close, the common stock of Pericom will no longer be listed for trading on the NASDAQ stock exchange as of the close of market today.
November 23, 2015
18:42 EDTDIODS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: CSRA (CSRA) will be added to the S&P 500 after the close of trading on Friday, November 27, replacing Computer Sciences (CSC), which will be removed from the S&P 500 after the close of trading on Monday, November 30. CSRA will be added to the S&P 500 on a zero price basis reflecting its spin-off from Computer Sciences. Following the spin-off, the Computer Sciences stub will replace Apollo Education Group (APOL) in the S&P MidCap 400. Computer Sciences' post spin market capitalization will be more representative of the mid-cap market space. Apollo Education is ranked at the bottom of the S&P MidCap 400 Phibro Animal Health (PAHC) will replace Pericom Semiconductor (PSEM) in the S&P SmallCap 600 after the close of trading on Wednesday, November 25. S&P SmallCap 600 constituent Diodes (DIOD) is acquiring Pericom Semiconductor in a deal expected to be completed soon pending final conditions.
November 20, 2015
14:18 EDTDIODPericom shareholders approve merger with Diodes
Pericom (PSEM) announced that, based on a preliminary count of the votes cast at the company's Special Meeting of Shareholders held this morning, Pericom shareholders have approved the previously announced Agreement and Plan of Merger between Diodes (DIOD) and Pericom. Pursuant to the terms of the Agreement and pending final certification of the voting results, Diodes will acquire Pericom for the agreed-upon purchase price of $17.75 per share. As the transaction is not subject to regulatory approval, it is expected to close shortly after the certification by the independent inspector of elections of the final results of today's voting at the Special Meeting. Pericom expects final results to be announced early next week.
05:21 EDTDIODPericom reiterates support for Diodes transaction
Subscribe for More Information
November 19, 2015
18:31 EDTDIODMontage says willing to commence cash tender offer for Pericom transaction
Subscribe for More Information
November 18, 2015
17:13 EDTDIODMontage urges Pericom holders to vote AGAINST Diodes acquisition of Pericom
Montage Technology issued the following statement in response to Pericom Semiconductor's (PSEM) rejection of Montage's increased offer to acquire all of the outstanding shares of Pericom for $19.00 per share in cash: "We are shocked that Pericom's board would act so quickly to deny its shareholders the opportunity to receive a full $1.25 more per share than they would receive in the inferior transaction with Diodes Incorporated (DIOD). The Pericom board continues to employ scare tactics and fear mongering, despite the fact that a Montage-Pericom transaction is indisputably superior to the Diodes-Pericom transaction. A Montage-Pericom transaction: Would not be subject to any financing or regulatory approval conditions; Has committed financing, and would provide Pericom shareholders with payment promptly following closing of the transaction; and can close quickly and likely in December, if Pericom would only stop denying the Pericom shareholders from receiving greater value per share. We urge Pericom shareholders to protect their right to receive the highest available cash price, now $19.00 per share, for their investment by voting against the inferior Diodes transaction."
15:33 EDTDIODPericom rejects revised $19 per share offer from Montage Technology
Pericom Semiconductor (PSEM) announced that its board of directors, after consultation with its independent financial advisors and outside legal counsel, has unanimously rejected the unsolicited revised acquisition offer that Pericom received from Montage Technology Group on November 18, which revised offer increased the per share purchase price for a Pericom-Montage transaction to $19.00 per share from $18.50 per share. The board consulted with its independent financial advisors and outside legal counsel and unanimously determined that Montage's revised offer still suffers from the fundamental flaws and significant risks that plagued its previous offers, including financing, regulatory and other risks that make Montage's ability to close a transaction substantially uncertain and significantly less likely than the closing of the transactions contemplated by Pericom's previously announced merger agreement with Diodes (DIOD). The Pericom board unanimously reaffirmed its recommendation that shareholders vote for the Diodes agreement, noting that Diodes' $17.75 per share all-cash offer is backed by a fully-funded credit agreement and term loan from Bank of America.
08:41 EDTDIODPericom urges holders to vote FOR merger agreement with Diodes
Pericom Semiconductor (PSEM) announced that its board issued an open letter to Pericom shareholders urging them to take advantage of the opportunity to lock in a substantial and near-certain premium by voting the WHITE proxy card "FOR" the Agreement and Plan of Merger between Diodes (DIOD) and Pericom, dated September 2, as amended November 5. The company's Special Meeting of Shareholders is scheduled for November 20.
November 17, 2015
11:51 EDTDIODDiodes management to meet with Sterne Agee CRT
Meeting to be held in London on November 18 hosted by Sterne Agee CRT.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use