Brief: Silicon Motion Files Notice Of Arbitration Claim Against Maxlinear

MaxLinear

05/10/2023 14:11

Oct 5 (Reuters) - Silicon Motion Technology Corp
 SIMOy.F :
    * SILICON MOTION FILES NOTICE OF ARBITRATION CLAIM AGAINST
MAXLINEAR
    * SILICON MOTION FILES NOTICE OF ARBITRATION CLAIM AGAINST
MAXLINEAR
    * SILICON MOTION TECHNOLOGY CORP - IN ARBITRATION, COMPANY
SEEKS
PAYMENT OF TERMINATION FEE OF $160 MILLION, FURTHER SUBSTANTIAL
DAMAGES, INTEREST AND COSTS.
    * SILICON MOTION TECHNOLOGY CORP - COMMENCED AN ARBITRATION
AGAINST MAXLINEAR, INC. FOR BREACHING ITS MAY 5, 2022 AGREEMENT
TO ACQUIRE COMPANY
    * SILICON MOTION TECHNOLOGY CORP - CLAIM WAS FILED IN
SINGAPORE
INTERNATIONAL ARBITRATION CENTRE ("SIAC"), AS PROVIDED UNDER
MERGER AGREEMENT

Source text for Eikon:  ID:nGNX3vCyNh 
Further company coverage:  SIMOy.F 

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