MACOM Technology Solutions Holdings, Inc. (MTSI): M&A transaction — MACOM completes $75M cash + stock acquisition of Wolfspeed's RF business

MACOM Technology Solutions Holdings, Inc.

Completed acquisition of Wolfspeed's RF business on Dec 2, 2023 for $75M cash and 711,528 shares of MTSI common stock.
Purchase price includes $50M worth of stock based on trailing 30-day average closing price.
Transaction was previously announced on Aug 22, 2023; financial statements to be filed within 71 days.
CEO Stephen Daly expressed commitment to supporting product and foundry customers.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

MACOM Technology Solutions Holdings, Inc. completed an acquisition involving Wolfspeed, Inc. for $75,000,000 payable in cash and 711,528 shares of the Company’s common stock (closed 2023-12-02).

Action: acquisition
Counterparty: Wolfspeed, Inc.
Consideration: $75,000,000 payable in cash and 711,528 shares of the Company’s common stock
Closing: 2023-12-02

Exact text from the filing

Securities and Exchange Commission (the “SEC”), filed on August 22, 2023, as amended on August 29, 2023 (the “Transaction”). The purchase price for the Transaction consisted of $75,000,000 payable in cash and 711,528 shares of the Company’s common stock, which was determined by dividing $50,000,000 by the trailing average closing price of the Company’s common stock

View on SEC.gov

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MACOM Technology Solutions Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493594-23-000086

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