|[July 22, 2014]
Dialog Semiconductor Plc.: Termination of Merger Discussions
LONDON --(Business Wire)--
Further to the announcement made on 26 June 2014, Dialog announces that,
despite extensive discussions, it has been unable to agree suitable
terms for a transaction and has terminated discussions with AMS AG
("AMS") regarding a possible merger of equals of the two companies.
Dialog will continue to execute on its strategy to become a leading
provider of analog mixed signal semiconductors for fast growing market
segments including smartphone, tablet, solid state lighting and the
emerging wearable and smart home segments. Dialog remains committed to
exploring opportunities to enhance its product portfolio and expand its
addressable market through strategic transactions.
Jalal Bagherli, CEO of Dialog, said:
"With the end of these discussions, it is business as usual, namely
delivering increasing value for our shareholders. We will continue on
our profitable growth path - as demonstrated by our track record - and
build a truly vibrant, global and diversified mixed signal semiconductor
Dialog will be providing its second quarter financial results as planned
in an earnings call scheduled for 30 July 2014.
Dialog creates highly integrated, mixed-signal integrated circuits
(ICs), optimised for personal portable, short-range wireless
connectivity, LED solid state lighting and automotive applications. The
company provides flexible and dynamic support, world-class innovation
and the assurance of dealing with an established business partner.
With its focus and expertise in energy-efficient system power management
and a technology portfolio that also includes audio, short-range
wireless, AC/DC power conversion and multi-touch, Dialog brings decades
of experience to the rapid development of ICs for personal portable and
digital consumer applications, including smartphones, tablets,
Ultrabooks(TM) and emerging wearable type devices.
Dialog's power management ICs increase the performance of portable
devices by extending battery lifetime, enabling faster charging and
enhancing the consumer's experience. With world-class manufacturing
partners, Dialog operates a fabless business model.
Dialog Semiconductor (News - Alert) plc is headquartered in London with a global sales,
R&D and marketing organisation. In 2013, it had approximately $910
million in revenue and was one of the fastest growing European public
semiconductor companies. It currently has approximately 1,100 employees
worldwide. The company is listed on the Frankfurt (FWB: DLG) stock
exchange (Regulated Market, Prime Standard, ISIN GB0059822006) and is a
member of the German TecDax index. It also has convertible bonds listed
on the Euro MTF Market on the Luxemburg Stock Exchange (ISIN
The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law. Persons who are not resident in
the United Kingdom or who are subject to other jurisdictions should
inform themselves of, and observe, any applicable requirements.
Morgan Stanley & Co. International plc ('Morgan Stanley') is acting as
financial adviser to Dialog and no one else in connection with the now
terminated merger discussions of AMS and Dialog. In connection with such
matters, Morgan Stanley, its affiliates and their respective directors,
officers, employees and agents will not regard any other person as their
client, nor will they be responsible to any other person for providing
the protections afforded to their clients or for providing advice in
relation to any possible merger, the contents of this announcement or
any other matter referred to herein.
Company: Dialog Semiconductor Plc.
Tower Bridge House, St. Katharine's Way E1W 1AA London
Phone (News - Alert): +49 7021 805-412
Fax: +49 7021 805-200
ISIN: GB0059822006, XS0757015606
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
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