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Message: Re: anadigics setllted? (I'm Beginning to Wonder- Anadigics)
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Jan 08, 2016 09:16AM

Jan 08, 2016 09:26AM
1
Jan 08, 2016 09:29AM
The original GaAs offer was I think $.45 but after their review of some Anadigics materials they dropped their offer to 0.35. That may have been the reason for the goshop clause i.e. If you think you can get that much go for it. As I said oreviously maybe GaAs Labs outsmarted themselves only to find that there are multiple parties who were interested. If Anadigics lawyers drafted the agreements properly, once Anadigics accepts an offer from the other party the other party would have certain rights to execute if GaAs Labs doesn't match the offer. It is unlikely that Anadigics could walk absent breach/litigation and break fees or non performance of GaAs Labs or the other party. This is contingent on the lawyers having done a proper job.
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