LONDON—Further to the announcement made on 26 June 2014, Dialog announces that, despite extensive discussions, it has been unable to agree suitable terms for a transaction and has terminated discussions with AMS AG (“AMS”) regarding a possible merger of equals of the two companies.
“With the end of these discussions, it is business as usual, namely delivering increasing value for our shareholders. We will continue on our profitable growth path – as demonstrated by our track record – and build a truly vibrant, global and diversified mixed signal semiconductor business.”
Dialog will continue to execute on its strategy to become a leading provider of analog mixed signal semiconductors for fast growing market segments including smartphone, tablet, solid state lighting and the emerging wearable and smart home segments. Dialog remains committed to exploring opportunities to enhance its product portfolio and expand its addressable market through strategic transactions.
Jalal Bagherli, CEO of Dialog, said:
“With the end of these discussions, it is business as usual, namely delivering increasing value for our shareholders. We will continue on our profitable growth path – as demonstrated by our track record – and build a truly vibrant, global and diversified mixed signal semiconductor business.”
Dialog will be providing its second quarter financial results as planned in an earnings call scheduled for 30 July 2014.
