Cirrus Logic completes acquisition of Lion Semiconductor for $335M cash

CIRRUS LOGIC, INC.

On July 20, 2021, Cirrus Logic closed its acquisition of Lion Semiconductor, previously announced July 8.
Total purchase price $335M in cash, subject to adjustments for cash, debt, net working capital, transaction expenses, and holdback.
Lion Semiconductor becomes a wholly-owned subsidiary of Cirrus Logic (CRUS).
Merger agreement incorporated by reference from Cirrus Logic's 8-K filed July 8, 2021.

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