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Stock Market & Financial Investment News

News Breaks
June 19, 2014
09:03 EDTGIGGigOptix to acquire Tahoe RF Semiconductor
GigOptix announced that it has signed a definitive agreement to acquire for cash only, by way of assuming specified liabilities, substantially all of the assets of Tahoe RF Semiconductor. This acquisition is expected to close on June 30, which is the first day of GigOptix’s 3Q14. and at that time, all of Tahoe RF’s team of engineers will become employees of GigOptix.
News For GIG From The Last 14 Days
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September 18, 2014
09:11 EDTGIGGigOptix says still seeks to engage in discussions with GSI Technology
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September 9, 2014
09:06 EDTGIGGigOptix says 'disappointed' in GSI Technology board acquisition rejection
GigOptix (GIG) announced that it had sent the following letter to the GSI Technology board of directors in response to the announcement by GSI Technology (GSIT) that its board of directors has rejected GigOptix’ previously announced proposal to acquire GSI Technology. The company said, "I am in receipt of Mr. Shu’s letter dated September 8. We are disappointed that GSI Technology’s Board of Directors, without even engaging in a discussion with us, has rejected our acquisition proposal and chosen to deny its stockholders the opportunity to achieve a substantial premium and immediate liquidity for their shares. We are confident that moving forward promptly to consummate a transaction is in the best interests of all parties. We believe we are offering GSI Technology’s stockholders superior value and the opportunity to participate in the upside of the combined company, which we believe is a better outcome than GSI Technology remaining an independent company as you have proposed in your letter. As we have previously stated, the combination should offer an increasingly exciting set of solutions for customers, providing an offering of both your high performance memory products for networking and telecommunications equipment and our high speed communications components. Together, this would allow us to strengthen the value proposition that we collectively provide to our customers through a wider range of companion and complementary products and more effectively challenge our respective competitors in the marketplace. We and our advisors stand ready at any time to meet and review our offer directly with you."

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