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Stock Market & Financial Investment News

News Breaks
November 26, 2013
11:08 EDTMSPD, MTSIM/A-COM announces early termination of HSR waiting period
M/A-COM Technology Solutions (MTSI) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended applicable to its proposed acquisition of Mindspeed Technologies (MSPD) was terminated early by the United States Federal Trade Commission on November 25. As previously announced on November 5, MACOM and Mindspeed entered into a definitive agreement pursuant to which MACOM would acquire Mindspeed pursuant to a cash tender offer to acquire all of the outstanding shares of common stock of Mindspeed for $5.05 per share. The termination of the HSR Act waiting period satisfies one of the conditions to consummate the tender offer. The completion of the tender offer remains subject to certain other conditions as described in the Tender Offer Statement on Schedule TO filed by MACOM and Micro Merger Sub, Inc. on November 19. The tender offer is scheduled to expire at 12:00 midnight, New York City time, on December 17.
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