Wednesday, March 1, 2017

Lattice Semiconductor Shareholders Give Nod On Private Equity Acquisition

Shareholders of Portland, Oregon-based Lattice Semiconductor have given the company the nod to be acquired in a merger deal with private equity firm Canyon Bridge Partners, the company said on Tuesday afternoon. Lattice said 77.83 percent of its outstanding shares were voted in favor of the move, with 0.18 percent against, 0.09 percent abstaining, and 21.9 percent not voting. Lattice agreed to be acquired by Canyon Bridge--via a number of Canyon Bridge subsidiaries--on November 3rd, 2016. The companies were given an early clearance by the FTC over the required Hart-Scott-Rodino Antitrust Improvements Act of 1976 waiting period, which applies to big M&A deals. The acquisition is worth $1.3 billion.