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BRIEF-Silicon Labs To Acquire Sigma Designs Inc
December 7, 2017 / 10:23 PM / in 4 days

BRIEF-Silicon Labs To Acquire Sigma Designs Inc

Dec 7 (Reuters) - Sigma Designs Inc:

* SILICON LABS ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE SIGMA DESIGNS, INC.

* SIGMA DESIGNS INC - SILICON LABS WILL ACQUIRE SIGMA DESIGNS FOR $7.05 PER SHARE

* SIGMA DESIGNS INC - CASH TRANSACTION VALUED AT ABOUT $282 MILLION

* SIGMA DESIGNS INC - BOARDS OF DIRECTORS OF BOTH CO HAVE APPROVED TRANSACTION

* SIGMA DESIGNS - IF CERTAIN CLOSING CONDITIONS ARE NOT MET, SIGMA DESIGNS WOULD INSTEAD SELL ITS Z-WAVE BUSINESS TO SILICON LABS FOR $240 MILLION

* SIGMA DESIGNS INC - SIGMA DESIGNS IS ALSO IN ACTIVE DISCUSSIONS WITH PROSPECTIVE BUYERS TO DIVEST ITS MEDIA CONNECTIVITY BUSINESS

* SIGMA DESIGNS - PLANS TO DIVEST OR WIND DOWN SMART TV BUSINESS

* SIGMA DESIGNS INC - SUBSEQUENT TO DIVESTITURE & RESTRUCTURING ACTIONS, SILICON LABS EXPECTS DEAL OF SIGMA DESIGNS TO BE ACCRETIVE ON A NON-GAAP BASIS Source text for Eikon: Further company coverage:

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