Pericom Receives Revised Offer From Diodes - Quick Facts

(RTTNews) - Pericom Semiconductor Corp. (PSEM) announced that its Board has received a revised acquisition offer from Diodes Incorporated (DIOD) for $17.75 per share in cash without interest for an aggregate consideration of approximately $413 million. The new purchase price in the revised Diodes offer is an increase from Diodes' previously announced $17.00 per share purchase price under the Agreement and Plan of Merger between Diodes and Pericom, dated September 2, 2015. The Pericom Board intends to meet promptly to evaluate the revised Diodes offer.

Pericom's Board said its shareholders should not be misled by Montage and its disingenuous efforts to make them believe that its offer is genuinely viable.