Semtech to acquire Sierra Wireless for $1.2 billion

Semtech Corporation announced a definitive agreement to acquire all outstanding shares of Sierra Wireless for $31 per share in an all-cash transaction, representing an enterprise value of approximately $1.2 billion.

“Semtech Corporation ... and Sierra Wireless ... today announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion.”semtech.com

• 1 source
• semtech.comSemtech Corporation to Acquire Sierra Wireless | SemtechAug 2, 2022

Summarized from public sources; check the original articles before acting on it.