Semtech Corporation Confirms Discussions Regarding a Potential Transaction with Sierra Wireless

Semtech Corporation confirmed that it has engaged in advanced discussions regarding a potential transaction with Sierra Wireless, Inc. at a price of US$31 per share.

No assurance can be given that Semtech will determine to continue such discussions or enter into any definitive agreement regarding any transaction or, if executed, whether any such transaction would be consummated. Semtech does not intend to make any further press release or announcement regarding these matters unless and until it enters into a binding, definitive agreement with respect thereto.

Source: Semtech media announcement