![]() Is Reiterates its Earnings Guidance for the Full-Year Ending December 31, 2023Īdam Rymer Joins Adeia?s Board of DirectorsĪdeia Inc.(NasdaqGS:ADEA) added to Russell 3000E Growth IndexĪdeia Inc.(NasdaqGS:ADEA) dropped from Russell 2000 Value-Defensive IndexĪdeia Inc.(NasdaqGS:ADEA) dropped from Russell 2000 Defensive IndexĪdeia Inc.(NasdaqGS:ADEA) added to Russell 3000 Growth IndexĪdeia Inc.(NasdaqGS:ADEA) added to Russell 2500 Growth IndexĪdeia Inc.(NasdaqGS:ADEA) added to Russell Small Cap Comp Growth IndexĪdeia Inc.(NasdaqGS:ADEA) added to Russell 2000 Growth IndexĪdeia Signs Media IP License Renewal With Freeview AustraliaĪdeia Renews IP License With Bandai Namco FilmworksĪdeia Inc.Daily price and charts and targets TesseraTechnologies Declares a Dividend, Payable on September 18, 2023Īdeia Inc. ![]() Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023Īdeia Inc. Tranche Update on Adeia Inc.'s Equity Buyback Plan announced on June 15, 2020.Īdeia Inc. Street Est of $0.25Įarnings Flash (ADEA) ADEIA Reports Q2 Revenue $83.2M, vs. Transcript : Adeia Inc., Q2 2023 Earnings Call, Aug 07, 2023Įarnings Flash (ADEA) ADEIA Posts Q2 EPS $0.26, vs. Appoints Jarl Berntzen as Chief Corporate Development OfficerĪdeia Swings to Q2 Earnings, Revenue Falls Sector Update: Tech Stocks Mixed Pre-Bell TuesdayĪdeia Says Litigation With Nvidia Is ResolvedĪdeia Inc. Alliance Advisors LLC will be paid approximately $25,000, plus reasonable out- of- pocket expenses, for its assistance. DTS has agreed to pay Centerview an aggregate fee currently estimated to be $13.25 million, $1 million of which was payable upon the rendering of Centerview's opinion and the remainder of which is payable contingent upon consummation of the transaction. O'Melveny & Myers LLP acted as legal advisor for Centerview. Alliance Advisors, LLC acted as information agent to DTS. Tessera general counsel Paul Davis offered in house advice. Matt Steinberg from The Piacente Group acted as PR advisor to Tessera. Clark from DLA Piper LLP (US) acted as legal advisors to DTS. Centerview Partners LLC acted as financial advisor and fairnesss opinion provider and Michael S. Kristine Dunn, Karen Corman, Steven Sunshine, Nathan Giesselman and Stacy Kray from Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Tessera. Michael O'Bryan of GCA acted as financial advisor and Leif King, Kenton King, James Brelsford, Joseph Yaffe, Thomas Asmar, K. The transaction will be immediately accretive to Tessera's earnings per share and free cash flow. Closing of the transaction is expected by late fourth quarter of 2016 or early first quarter of 2017. Centerview is of the opinion that the deal is fair and reasonable. The transaction has been unanimously approved by both companies' respective Boards of Directors. On October 17, 2016, the transaction was approved by FTC. Tessera's obligations under the agreement are not subject to any financing condition. The transaction is subject to regulatory approval including the expiration or termination of the waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 as well as the approval of DTS's stockholders and other customary closing conditions. At the closing of the transaction, Tom Lacey, Chief Executive Officer of Tessera will continue to serve as Chief Executive Officer and Jon Kirchner is expected to join as President of the combined company. Jon Kirchner, Chairman and Chief Executive Officer of DTS and the DTS team will join the Tessera. DTS may be required to pay Tessera a termination fee of $25.5 million. A new corporate name and stock symbol will be adopted in connection with the closing of the transaction. Tessera intends to fund the acquisition with a combination of available cash on hand and approximately $600 million of committed debt financing from RBC Capital Markets. Additionally, all of DTS's outstanding debt will be retired at the closing of the transaction. 2.3 million DTS options will be assumed or exchanged for $19.42 per option at the closing of the transaction. Tessera will pay $42.5 per share to acquire 17.8 million DTS shares and 1.2 million DTS RSUs. (NasdaqGS:DTSI) for approximately $850 million on September 19, 2016. ![]() (NasdaqGS:TSRA) entered into a definitive agreement to acquire DTS Inc.
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