Sierra Wireless Inc

NASDAQ:SWIR   3:59:58 PM EDT
30.57
-0.02 (-0.06%)
Other Pre-Announcement, Mergers / Acquisitions

Semtech Corporation To Acquire Sierra Wireless For Enterprise Value of About $1.2 Bln

Published: 08/02/2022 21:31 GMT
Sierra Wireless Inc (SWIR) - Semtech Corporation to Acquire Sierra Wireless.
Semtech Corp - Deal for Total Enterprise Value of Approximately Us$1.2 Billion.
Semtech Corp - Will Acquire All Outstanding Shares of Sierra Wireless for Us$31 per Share.
Semtech Corp - Deal Expected to Be Immediately Accretive to Semtech's Non-GAAP EPS Before Synergies.
Semtech Corp - Proposed Deal Expected to Generate $40 Million of Run-rate Operational Synergies Within 12-18 Months Post-transaction Close.
Semtech Corp - Deal Expected to Expand Semtech's Iot Sam by Approximately 10x to Us$10 Billion by 2027.
Semtech Corp - Intends to Fund Transaction With Cash on Hand and Committed Debt Financing Arranged by Jp Morgan.
Semtech Corp - Sierra Wireless is Canceling Its Q2 Financial Results Conference Call Previously Scheduled for Aug.
11, 2022.
Semtech - Deal Expected to Approximately Double Semtech Annual Revenue and Add Greater Than $100 Million of High Margin Iot Cloud Services Recurring Revenues.
Semtech Corp - Until Close, Parties Remain Separate Independent Companies.