MaxLinear Provides Update on Proposed Acquisition of Silicon Motion
26 Julho 2023 - 4:10PM
Business Wire
MaxLinear, Inc. (NASDAQ: MXL), a leading provider of radio
frequency (RF), analog, digital and mixed-signal integrated
circuits, today announced that it has exercised its contractual
rights to terminate its May 5, 2022 merger agreement (the “Merger
Agreement”) with Silicon Motion (NASDAQ: SIMO).
As described in a Form 8-K filed today with the U.S. Securities
and Exchange Commission, MaxLinear gave notice that it is relieved
of its obligation to close the transaction because, among other
reasons, (i) certain conditions to closing set forth in the Merger
Agreement are not satisfied and are incapable of being satisfied,
(ii) Silicon Motion has suffered a Material Adverse Effect that is
continuing, (iii) Silicon Motion is in material breach of
representations, warranties, covenants, and agreements in the
Merger Agreement that give rise to the right of the Company to
terminate, and (iv) in any event, the First Extended Outside Date
has passed and was not automatically extended because certain
conditions in Article 6 of the Merger Agreement were not satisfied
or waived as of May 5, 2023.
About MaxLinear, Inc.
MaxLinear, Inc. (NASDAQ: MXL) is a leading provider of radio
frequency (RF), analog, digital and mixed-signal integrated
circuits for access and connectivity, wired and wireless
infrastructure, and industrial and multi-market applications.
MaxLinear is headquartered in Carlsbad, California. For more
information, please visit www.maxlinear.com.
MXL is MaxLinear’s registered trademark. Other trademarks
appearing herein are the property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20230726081423/en/
MaxLinear, Inc. Investor Relations Contact:
Leslie Green Tel: +1 650-312-9060 lgreen@maxlinear.com
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