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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sierra Wireless Inc | TSX:SW | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 40.99 | 40.82 | 41.28 | 0 | 01:00:00 |
From Apr 2022 to Apr 2024
By Denny Jacob
Internet of Things solutions provider Sierra Wireless Inc. shares rose 5.9% to $30.96 in after-hours trading after it said a review period for its pending acquisition by chipmaker Semtech Corp. was terminated.
The two companies said they were notified that the waiting period related to the Department of Justice's review of the acquisition was terminated. The DOJ's antitrust division requested additional information and documentary material in October.
Sierra and Semtech said Thursday they currently expect the transaction to close on or about Jan. 12.
Semtech in August said it will acquire all of Sierra's outstanding shares for about $1.2 billion in an all-cash deal. Sierra shareholders will receive $31 per common share under the terms of the agreement.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 05, 2023 17:30 ET (22:30 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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