Brief: Silicon Motion Terminates Merger Agreement With Maxlinear

Silicon Motion Technology

16/08/2023 13:18

Aug 16 (Reuters) - Maxlinear Inc  MXL.O :
    * SILICON MOTION TERMINATES MERGER AGREEMENT WITH MAXLINEAR
AND
INTENDS TO PURSUE SUBSTANTIAL DAMAGES IN EXCESS OF THE
AGREEMENT’S TERMINATION FEE DUE TO MAXLINEAR’S WILLFUL AND
MATERIAL BREACHES OF THE MERGER AGREEMENT
    * SILICON MOTION TECHNOLOGY CORP - WILL PROCEED WITH
ARBITRATION
IN SINGAPORE INTERNATIONAL ARBITRATION CENTRE, AS DICTATED BY
PARTIES' MERGER AGREEMENT

Source text for Eikon:  ID:nGNX1Mh6Q2 
Further company coverage:  MXL.O 

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