22 June 2015

Emcore announces final results of $45m modified Dutch auction tender offer

Emcore Corp of Alhambra, CA, USA (which provides compound semiconductor-based components, subsystems and systems for the broadband and specialty fiber-optics market) has announced the final results of its modified Dutch auction tender offer (pursuant to an Offer to Purchase and Letter of Transmittal, each dated 15 May), which expired on 15 June.

The firm has accepted for purchase 6,870,229 shares of its common stock at a price of $6.55 per share, for a total cost of about $45m (excluding fees and expenses related to the tender offer).

Based on the final count by American Stock Transfer & Trust Company LLC (the depositary for the tender offer), 8,771,526 shares of Emcore common stock were properly tendered and not properly withdrawn at or below $6.55 per share. Due to the tender offer being oversubscribed, Emcore purchased only a pro-rated portion of those shares properly tendered by each tendering shareholder (other than 'odd lot' holders whose shares were purchased on a priority basis) at or below the final per-share purchase price. Emcore has been informed by the depositary that the final pro-ration factor for the tender offer was about 78.32%. The 6,870,229 shares accepted for purchase represent about 21.19% of the firm's currently issued and outstanding shares of common stock.

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Visit: www.emcore.com