GaAs Labs Announces Further Extension of Tender Offer for Shares of Anadigics

LOS ALTOS, Calif.--(BUSINESS WIRE)--GaAs Labs, LLC (“GaAs Labs”) announced today that its wholly-owned subsidiaries, Aloha Holding Company, Inc. (“Aloha”) and Aloha Acquisition Sub, Inc. (“Purchaser”), pursuant to the Agreement and Plan of Merger, dated November 11, 2015, among Aloha, Purchaser and ANADIGICS, Inc. (Nasdaq: ANAD) (“Anadigics”), have further extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Anadigics. The tender offer, which was previously scheduled to expire at 11:59 P.M. (New York City time) on January 8, 2016, has been extended until 11:59 P.M. (New York City time) on January 25, 2016, unless further extended.

Computershare Trust Company, N.A., the depositary for the tender offer, has advised Purchaser that, as of 3:00 p.m., New York City time, on January 8, 2016, 1,962,625 shares of common stock of Anadigics were tendered pursuant to the tender offer, which represented approximately 2.2% of the outstanding shares of common stock of Anadigics. Stockholders who have already tendered their shares of common stock of Anadigics do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer.

Georgeson Inc. is the Information Agent for the tender offer and any questions or requests for the Offer to Purchase and related materials with respect to the tender offer may be directed to them, toll-free at (866) 413-5899.