United States

Lattice Semiconductor, Canyon Bridge plan talks with CFIUS and U.S. President on proposed merger

Friday, 1 Sep 2017 08:19am EDT 

Sept 1 (Reuters) - Lattice Semiconductor Corp :CFIUS indicated it will recommend U.S. President suspend/prohibit proposed merger between co, unit of Canyon Bridge Fund I, Lp‍​.Remains of view proposed transaction "does not raise any national security concerns" that cannot be addressed by mitigation measures proposed by co and Canyon Bridge.Co and Canyon Bridge plan further discussions with CFIUS and the President to explore measures to resolve any outstanding national security concerns.Hopeful that given benefits of deal, mitigation measures proposed, if matter is referred to President, he will allow merger to be consummated.Says there can be no assurances that CFIUS or the President will entertain further dialogue with the parties - SEC filing. 

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