Re: Anadigics offer and Poet
posted on
Dec 23, 2015 10:19AM
Here is wording of 8k "On December 22, 2015, while the Company's Board was considering the Proposed GaAs Labs Amendment, the Company received a proposed amendment to the Competing Bidder's merger agreement that increases the per-share offer price to $0.54 (the "Amended Competing Acquisition Proposal"). The Company's Board of Directors, after consultation with its financial and legal advisors, has unanimously determined that the Amended Competing Acquisition Proposal constitutes a "Superior Offer," as that term is defined in the GaAs Labs Merger Agreement."
I think when they call it the "merger" agreement that it is the acquisition proposal not merging with another buyer unless you are referring to another document?