- An unnamed suitor referred to as Party A has made a $0.62/share offer to buy Anadigics (NASDAQ:ANAD -2.2%), topping a prior $0.58/share offer from GaAs Labs.
- Meanwhile, the unnamed suitor (referred to as Party B) that last week was reported to have made a $0.68/share offer has delivered a revised $0.68/share bid that "modifies certain, but not all, of the material terms and conditions thereof to which [Anadigics] had sought changes." Anadigics continues to negotiate with Party B to resolve the issues.
- For now, Anadigics deems Party A's $0.62/share bid a "Superior Offer." As was the case before, GaAs Labs has two business days to deliver a competing bid. Anadigics currently trades at $0.66.
- Prior Anadigics coverage