Atheros Communications' Stockholders Approve Merger Agreement With Qualcomm
18 Março 2011 - 5:27PM
Marketwired
Atheros Communications, Inc. (NASDAQ: ATHR), a global leader in
innovative technologies for wireless and wired communications,
announced today that at a special meeting of Atheros stockholders
held on March 18, 2011, its stockholders approved the adoption of
the merger agreement among Atheros, Qualcomm Incorporated and T
Merger Sub, Inc., pursuant to which Atheros would be acquired by
Qualcomm for $45.00 per share in cash.
Of the 73,023,627 shares of Atheros common stock outstanding as
of the record date for the special meeting, 54,678,881 shares, or
approximately 74.9% of Atheros' outstanding common stock, were
represented at the special meeting in person or by proxy. An
aggregate of 54,510,618 shares, or approximately 74.6% of Atheros'
outstanding common stock, were voted in favor of the adoption of
the merger agreement.
The completion of the merger remains subject to the satisfaction
of certain closing conditions, including the receipt of foreign
regulatory approvals, and Atheros and Qualcomm continue to expect
that the merger will close in the first half of 2011.
About Atheros Atheros Communications
delivers innovative technologies for wireless and wired
communications. Its mission is to invent technologies that connect
and empower people in ways that are elegant and accessible to all.
Building upon its broad expertise in RF and mixed signal
semiconductor design, Atheros' portfolio includes a wide variety of
connectivity solutions that are used by many of the world's leading
networking equipment, computing and consumer device manufacturers.
Headquartered in San Jose, California, Atheros has a significant
and growing presence in Asia and Europe to serve its global
customer base. For more information, visit www.atheros.com.
This press release contains "forward-looking statements," as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
or the Exchange Act, that are based on Atheros' current
expectations, assumptions, beliefs, estimates and projections about
our company. The forward-looking statements are subject to various
risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "anticipate,"
"believe," "estimate," "expect," "forecast," "intend," "plan,"
"project," "should" and similar expressions. Factors that may
affect those forward-looking statements include, among other
things: uncertainties as to the timing of the closing of the
acquisition; the possibility that various closing conditions for
the acquisition may not be satisfied or waived; the outcome of any
legal proceedings challenging the proposed merger; general economic
and business conditions; and other factors. We caution you that
reliance on any forward-looking statement involves risks and
uncertainties, and that although we believe that the assumptions on
which our forward-looking statements are based are reasonable, any
of those assumptions could prove to be inaccurate, and as a result,
the forward-looking statements based on those assumptions could be
incorrect. In light of these and other uncertainties, you should
not conclude that we will necessarily achieve any plans and
objectives or projected financial results referred to in any of the
forward-looking statements. Atheros assumes no obligation to update
the information in this press release in light of new information
or future events, except as required by law.
Editorial Contact: Molly Mulloy Atheros Communications
408-830-5850 molly.mulloy@atheros.com Investor Contact:
David H. Allen Atheros Communications 408-830-5762
david.allen@atheros.com
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