canyon bridge lattice

Lattice Semiconductor and Canyon Bridge Capital Partners, LLC Announce Termination of Merger Agreement Following Decision from President Trump September 13, … Lattice Semiconductor 408-826-6752 sherrie.gutierrez@latticesemi.com or Allison DeLeo Racepoint Global 415-694-6711 Lattice@racepointglobal.com or For Canyon Bridge: Investor Contact: Ray Bingham Canyon Bridge Capital Partners 408-456-1999 ray.bingham@canyonbridge.com or Media Contact: Robert Schwartz Ogilvy Public Relations 202-729-4006 Canyon Bridge's $1.3 billion acquisition of chip maker Lattice Semiconductor is funded partly by cash from the Chinese government. Morgan Stanley informs Lattice that the $8.30 per share offer from Canyon Bridge is a fair price to the company’s shareholders.

Lattice Semiconductor Corp. on Thursday said it agreed to a $1.3 billion buyout offer from Canyon Bridge Capital Partners Inc., a new private-equity firm backed by investors in China. The reason: US authorities believed that China-backed Canyon Bridge’s purchase of the business would pose a national threat to the US. Canyon Bridge Capital Partners Inc has agreed to acquire Lattice Semiconductor Corp for about $1.3 billion or $8.30 per share in cash. The Committee on Foreign Investment in the United States blocked the sale of Lattice Semiconductor LSCC, +5.35% to a group of Chinese investment funds. The Committee on Foreign Investment in the United States (CFIUS) referred the transaction with Canyon Bridge … PORTLAND, Ore.--(BUSINESS WIRE)--Sep. 13, 2017-- Lattice Semiconductor Corporation (NASDAQ:LSCC) today announced the termination of the acquisition by Canyon Bridge Capital Partners, LLC (“Canyon Bridge”) of Lattice Semiconductor following an order from the President of the United States. The Committee on Foreign Investment in the United States blocked the sale of Lattice Semiconductor LSCC, +5.35% to a group of Chinese investment funds.

Canyon Bridge hit the headlines in September when US president Donald Trump blocked the Silicon Valley private equity business from buying Lattice Semiconductor in a planned $1.3bn deal. With extensive global deal-making experience, a strong understanding of tech company management, and deep expertise in China and other Asian countries, Canyon Bridge empowers technology companies to access the world’s fastest-growing markets and drive long-term growth. Lattice and Canyon Bridge today announced that the Company and Canyon Bridge Acquisition Company, Inc. (“Parent”), an affiliate of Canyon Bridge, have signed a definitive agreement under which Parent will acquire all outstanding shares of Lattice for approximately $1.3 billion inclusive of Lattice’s net debt, or $8.30 per share in cash. The deal is expected to close in early 2017. The Committee on Foreign Investment in the United States blocked the sale of Lattice Semiconductor LSCC, +5.35% to a group of Chinese investment funds. Lattice Semiconductor Corporation (NASDAQ:LSCC) today announced the termination of the acquisition by Canyon Bridge Capital Partners, LLC (“Canyon Bridge”) of Lattice Semiconductor following an order from the President of the United States. Canyon Bridge's $1.3 billion acquisition of chip maker Lattice Semiconductor is funded partly by cash from the Chinese government.

The fund’s mandate is to make investments in companies in the semiconductor industry mainly in … The only investor in Canyon Bridge is a unit of China Venture Capital Fund Co Ltd, according to a filing made by Lattice to the U.S. Securities and Exchange Commission last Tuesday. This is only the fourth transaction blocked by a US president under the CFIUS statute, though it is the second in the past ten months. Lattice was Canyon Bridge’s first acquisition target. President Trump blocked the proposed $1.3 billion acquisition of Lattice Semiconductor Corporation, a US chipmaker, by Canyon Bridge Capital Partners, a US-headquartered private equity firm reportedly funded by the Chinese government.

Lattice Semiconductor and Canyon Bridge Capital Partners, LLC Announce Termination of Merger Agreement Following Decision from President Trump September 13, 2017 07:04 PM …

China-backed Canyon Bridge Capital Partners LLC disclosed on Monday it had refiled its proposed $1.3 billion acquisition of Lattice Semiconductor Corp with the …

Contact

 

LINE Contact