SAN DIEGO, Oct. 10, 2014 /PRNewswire/ -- Peregrine
Semiconductor Corp. (Peregrine) (NASDAQ: PSMI), founder of RF SOI
(silicon on insulator) and pioneer of advanced RF solutions, today
announces that the Japan Fair Trade Commission has informed
Peregrine that it has granted clearance of the proposed merger with
Murata Electronics North America, Inc. The approval is subject to a
30-day waiting period set to terminate on October 12, 2014. The merger remains subject to
other closing conditions, which were described in Peregrine's
Current Report on Form 8-K filed with the Securities and Exchange
Commission on August 22, 2014.
![Peregrine Semiconductor (NASDAQ: PSMI), founder of RF SOI (silicon on insulator), is a leading fabless provider of high-performance, integrated RF solutions. Peregrine's UltraCMOS(R) technology - a patented, advanced form of SOI - delivers the performance edge needed to solve the RF market's biggest challenges. Peregrine holds more than 180 filed and pending patents and has shipped over 2 billion UltraCMOS units. Peregrine Semiconductor (NASDAQ: PSMI), founder of RF SOI (silicon on insulator), is a leading fabless provider of high-performance, integrated RF solutions. Peregrine's UltraCMOS(R) technology - a patented, advanced form of SOI - delivers the performance edge needed to solve the RF market's biggest challenges. Peregrine holds more than 180 filed and pending patents and has shipped over 2 billion UltraCMOS units.](http://photos.prnewswire.com/prnvar/20140818/136921)
The Peregrine Board of Directors has established the close of
business on October 13, 2014 as the
record date for its special meeting of shareholders to consider and
vote on, among other things, the proposed merger. The shareholder
meeting is scheduled for November 19,
2014. Peregrine will file with the Securities and Exchange
Commission definitive proxy materials related to the proposed
merger as soon as reasonably practicable.
Completion of the merger remains subject to approval by
Peregrine's shareholders and remaining regulatory approvals.
Peregrine expects to complete the merger during the fourth calendar
quarter of this year.
Peregrine will announce its third quarter earnings on
October 29, 2014 after market close.
USE OF FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements regarding
our management's future expectations, beliefs, intentions, goals,
strategies, plans and prospects. Such statements constitute
"forward-looking" statements, which are subject to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
The achievement of the matters covered by such forward-looking
statements involves risks, uncertainties and assumptions. If any of
these risks or uncertainties materialize, or if any of the
assumptions prove incorrect, our actual results, performance or
achievements could be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Such risks and uncertainties include,
but are not limited to, the occurrence of any event, change or
other circumstances that could give rise to the termination of the
merger agreement, the failure to receive, on a timely basis or
otherwise, the required approvals by Peregrine's shareholders and
government or regulatory agencies, and the risk that a closing
condition to the proposed merger may not be satisfied.
For further information regarding risks and uncertainties
associated with Peregrine's business, please refer to the filings
that we make with the Securities and Exchange Commission from time
to time, including those set forth in the section entitled "Risk
Factors" in our Form 10-K for the year ended December 28, 2013, which should be read in
conjunction with this press release. These documents are available
on the SEC Filings section of the Investor Relations section of our
website at http://investors.psemi.com/. Please also note that
forward-looking statements represent our management's beliefs and
assumptions only as of the date of this press release. Except as
required by law, we assume no obligation to update these
forward-looking statements publicly, or to update the reasons
actual results could differ materially from those anticipated in
the forward-looking statements, even if new information, becomes
available in the future.
ABOUT PEREGRINE SEMICONDUCTOR
Peregrine Semiconductor (NASDAQ: PSMI), founder of RF SOI (silicon
on insulator), is a leading fabless provider of high-performance,
integrated RF solutions. Since 1988 Peregrine and its founding team
have been perfecting UltraCMOS® technology - a patented, advanced
form of SOI - to deliver the performance edge needed to solve the
RF market's biggest challenges, such as linearity. With products
that deliver best-in-class performance and monolithic integration,
Peregrine is the trusted choice for market leaders in automotive,
broadband, industrial, Internet of Things, military, mobile
devices, smartphones, space, test-and-measurement equipment and
wireless infrastructure. Peregrine holds more than 180 filed and
pending patents and has shipped more than 2 billion UltraCMOS
units. For more information, visit http://www.psemi.com.
The Peregrine Semiconductor name, logo, and
UltraCMOS are registered trademarks of Peregrine Semiconductor
Corporation in the U.S.A., and
other countries. All other trademarks mentioned herein are the
property of their respective owners.
Peregrine Semiconductor
Editorial
Contact:
Elizabeth Brown,
619.993.4648
pr@psemi.com
or
Investor Relations:
Jonathan
Goldberg, 858.795.0161
ir@psemi.com
Logo - http://photos.prnewswire.com/prnh/20140818/136921
SOURCE Peregrine Semiconductor