Thursday, November 3, 2016

Lattice Semiconductor Acquired For $1.3 Billion By Private Equity Investor

Portland-based Lattice Semiconducor is being acquired for $1.3 billion by private equity investor Canyon Bridge Capital Partners, the two announced this morning. The companies said that Canyon Bridge Capital Partners will pay $8.30 per share in cash for Lattice Semiconductor, taking the firm private. The price is a 30 percent premium to Lattice's last trade price on Wednesday. The companies said that Lattice Semiconductor will continue to be based in Portland. Lattice was advised by Morgan Stanley & Co. LLC and Skadden, Arps, Slate, Meagher & Flom LLP in the acquisition; Canyon Bridge is being advised by Lazard and Jones Day.