Morgan, Lewis & Bockius

GCT Semiconductor to Become Publicly Listed via Merger with Concord Acquisition Corp III, Enhancing the 5G Silicon Ecosystem

Retrieved on: 
Friday, November 3, 2023
Semiconductor, IOT (Internet of Things), Technology, Mobile, Wireless, 5G, Internet, Hardware, Internet of things, OEM, Business analyst, ASPS, Multi, NYSE, RF, DLA Piper, History, Earnout, GCT, Morgan, Lewis & Bockius, Original equipment manufacturer, Acquisition, LTE, CAT7, ODM, Samsung Electronics, Environment, Growth, LLP, CAT3, Modem, 8-K, TD, SOC, PIPE, CPE, Silicon, Samsung, Sales, Cryptocurrency, Mobile phone, Printed circuit board, Concord

GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that would result in GCT becoming a publicly traded company.

Key Points: 
  • GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that would result in GCT becoming a publicly traded company.
  • Upon closing of the proposed transaction, the combined company will operate as GCT Semiconductor and is expected to be listed on the NYSE under the ticker symbol “GCTS”.
  • We look forward to working with GCT to capitalize on this exciting market opportunity.”
    GCT Semiconductor is a leading supplier of highly integrated 4G LTE and 5G semiconductor solutions.
  • GCT has over 120 patents globally, engagements with multiple 5G partners, and proprietary Multi-antenna Modem and transceiver technology.

Lumentum to Acquire Cloud Light to Accelerate Data Center Speed and Scalability

Retrieved on: 
Monday, October 30, 2023
Technology, Engineering, Telecommunications, Manufacturing, Networks, Internet, Hardware, Data Management, Artificial Intelligence, Cloud, Wilson Sonsini Goodrich & Rosati, Professional corporation, History, DWDM, Morgan, Lewis & Bockius, Acquisition, LLP, Cloud computing, AI, Calendar, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., BofA Securities, Video game

Lumentum Holdings Inc. (NASDAQ: LITE) (“Lumentum”) and Cloud Light Technology Limited (“Cloud Light”) today announced that they have entered into a definitive agreement under which Lumentum will acquire Cloud Light with a transaction value of approximately $750 million, subject to certain adjustments.

Key Points: 
  • Lumentum Holdings Inc. (NASDAQ: LITE) (“Lumentum”) and Cloud Light Technology Limited (“Cloud Light”) today announced that they have entered into a definitive agreement under which Lumentum will acquire Cloud Light with a transaction value of approximately $750 million, subject to certain adjustments.
  • The acquisition of Cloud Light is expected to accelerate Lumentum’s push into the fastest growing segments of the multibillion-dollar opportunity for optical modules used in cloud computing data center infrastructure.
  • “With Cloud Light, we are making a strategic investment to significantly expand our opportunities in the cloud data center and networking infrastructure space,” said Alan Lowe, Lumentum president and CEO.
  • “Cloud Light provides us with the highest speed transceiver solutions at scale and complements our advanced component capabilities.

PCTEL Announces Definitive Agreement to be Acquired by Amphenol Corporation

Retrieved on: 
Saturday, October 14, 2023
Technology, Mobile, Wireless, T&M, NYSE, Growth, Morgan, Lewis & Bockius, LLP, Management, Cryptocurrency, Amphenol

PCTEL, Inc. (Nasdaq: PCTI)( “PCTEL” or the “Company”), a leading global provider of wireless technology solutions, today announced that it has reached a definitive agreement to be acquired by Amphenol Corporation (NYSE: APH), one of the world’s largest providers of high-technology interconnect, sensor and antenna solutions.

Key Points: 
  • PCTEL, Inc. (Nasdaq: PCTI)( “PCTEL” or the “Company”), a leading global provider of wireless technology solutions, today announced that it has reached a definitive agreement to be acquired by Amphenol Corporation (NYSE: APH), one of the world’s largest providers of high-technology interconnect, sensor and antenna solutions.
  • “Today marks an exciting milestone for PCTEL as we join forces with one of the world’s leading antenna solutions companies in Amphenol,” said David Neumann, Chief Executive Officer of PCTEL.
  • Amphenol is a leading global provider of interconnect, sensor and antenna solutions.
  • Lake Street Capital Markets is serving as exclusive financial advisor and Morgan, Lewis & Bockius LLP is serving as legal counsel to PCTEL.

Scout Signs Power Purchase Agreement with Colgate-Palmolive for 209 MW Solar Farm

Retrieved on: 
Friday, September 15, 2023
ERCOT, Scout, Carbon, Electricity, Stoel Rives, Colgate-Palmolive, Brookfield Renewable Partners, Scout Moor Wind Farm, Morgan, Lewis & Bockius, Colgate, Midway Independent School District (McLennan County, Texas), PPA, McLennan, Renewable energy

BOULDER, Colo., Sept. 15, 2023 /PRNewswire/ -- Scout Clean Energy (Scout), a Colorado-based renewable energy developer-owner-operator is pleased to announce they have signed an agreement with Colgate-Palmolive to purchase power from Scout's 209-megawatt (MWdc) Markum Solar Farm (Markum) near Waco, Texas. Markum Solar Farm will generate enough clean energy for the ERCOT grid to power approximately 32,200 homes.

Key Points: 
  • Markum Solar Farm will generate enough clean energy for the ERCOT grid to power approximately 32,200 homes.
  • "These contracts provide Scout the certainty to build our first solar project," said Michael Rucker, CEO and founder of Scout Clean Energy.
  • "With the PPA and construction contracts executed, we are extremely excited to move forward with the 209 MW Markum Solar project.
  • These contracts provide Scout the certainty to build our first solar project," said Michael Rucker, CEO and founder of Scout Clean Energy .

Hostess Brands to Be Acquired by the J.M. Smucker Co. for Approximately $5.6 Billion

Retrieved on: 
Monday, September 11, 2023
Supermarket, Retail, Convenience Store, Food, Beverage, Partnership, Chairperson, SJM, Morgan, Lewis & Bockius, Hostess Brands, History, Hostess, Acquisition, Love, Growth, Hand, Family, NYSE, Security (finance)

Hostess Brands, Inc. (Nasdaq: TWNK) (the “Company” or “Hostess Brands”), announced today that it has entered into a definitive agreement with The J.M.

Key Points: 
  • Hostess Brands, Inc. (Nasdaq: TWNK) (the “Company” or “Hostess Brands”), announced today that it has entered into a definitive agreement with The J.M.
  • Smucker Co. (NYSE: SJM) to acquire all of the outstanding shares of Hostess Brands in a cash and stock transaction valued at $34.25 per Hostess Brands share, representing a transaction value of approximately $5.6 billion, including the assumption of debt.
  • Smucker Co. common stock (valued at $4.25 as of September 8, 2023) for each share of Hostess Brands common stock.
  • Morgan Stanley & Co. LLC and Morgan, Lewis & Bockius LLP are serving as financial and legal advisors, respectively, to Hostess Brands.

MAURY MICROWAVE COMPLETES ACQUISITION OF WIRELESS TELECOM GROUP

Retrieved on: 
Friday, August 4, 2023
LLP, Morgan, Lewis & Bockius, Radar, Acquisition, Artemis, Engineering, Radio, Growth, RF, Calibration, Mobile phone, Management, Jean Holzworth

ONTARIO, Calif., Aug. 4, 2023 /PRNewswire/ -- Maury Microwave, Inc. ("Maury" or the "Company"), a leading provider of RF calibration, measurement, emulation and modeling solutions backed by Artemis Capital Partners ("Artemis"), announced today that it has completed its previously announced acquisition of Wireless Telecom Group, Inc.

Key Points: 
  • ONTARIO, Calif., Aug. 4, 2023 /PRNewswire/ -- Maury Microwave, Inc. ("Maury" or the "Company"), a leading provider of RF calibration, measurement, emulation and modeling solutions backed by Artemis Capital Partners ("Artemis"), announced today that it has completed its previously announced acquisition of Wireless Telecom Group, Inc.
  • Since its founding in 1985, Wireless Telecom Group's test and measurement businesses – comprising of Boonton, Holzworth, and Noisecom - have served as trusted technology solutions partners to many of the world's leading manufacturers in the wireless technology chain.
  • Bill Pezza, Executive Chairman of the Board at Maury Microwave, said, "The finalization of this transaction represents a significant step forward in our strategic plan.
  • CDX Advisors served as exclusive financial advisor and Bryan Cave Leighton Paisner LLP served as legal counsel to Wireless Telecom Group.

Maury Microwave Completes Acquisition of Wireless Telecom Group

Retrieved on: 
Friday, August 4, 2023
WTT, Communication, Maury, Morgan, Lewis & Bockius, Secretary of State of New Jersey, Acquisition, NYSE American, Boonton, New Jersey, Growth, Jean Holzworth

Parsippany, New Jersey, USA, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (the “Company” or “WTT”), a leading test & measurement solutions provider, today announced that Maury Microwave, a leading provider of state-of-the-art RF measurement and interconnect solutions for wireless communication technologies, completed its previously announced acquisition of WTT.

Key Points: 
  • Parsippany, New Jersey, USA, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (the “Company” or “WTT”), a leading test & measurement solutions provider, today announced that Maury Microwave, a leading provider of state-of-the-art RF measurement and interconnect solutions for wireless communication technologies, completed its previously announced acquisition of WTT.
  • “The combination of Maury Microwave and WTT, including its prominent test and measurement divisions Boonton, Holzworth, and Noisecom, will enable us to provide even more comprehensive solutions and superior service to our customers,” Maury Microwave Executive Chairman Bill Pezza said.
  • Under the terms of the merger agreement, Maury acquired all the outstanding shares of the Company for cash consideration of $2.13 per share.
  • Morgan, Lewis & Bockius LLP served as legal counsel to Maury Microwave.

Palisade Infrastructure Announces Transaction with Consolidated Communications

Retrieved on: 
Wednesday, August 2, 2023
Networks, Internet, Finance, Asset Management, Professional Services, Technology, Carriers and Services, Mobile, Wireless, Consolidated Communications, Morgan, Lewis & Bockius, DSL, Infrastructure, Financial services, Internet service provider, Cryptocurrency, Palisade

Palisade Infrastructure (“Palisade”) and Consolidated Communications, Inc. (“Consolidated”) have entered into an agreement whereby Palisade, on behalf of its managed funds, will acquire Consolidated’s assets in Washington state.

Key Points: 
  • Palisade Infrastructure (“Palisade”) and Consolidated Communications, Inc. (“Consolidated”) have entered into an agreement whereby Palisade, on behalf of its managed funds, will acquire Consolidated’s assets in Washington state.
  • The transaction includes Consolidated’s incumbent networks in Ellensburg and Yelm comprising a mixture of fiber-to-the-home and DSL technologies.
  • Palisade intends to accelerate the build out of the fiber network in these markets, providing high speed, low latency connectivity to households and businesses.
  • Lazard served as the exclusive financial advisor to Consolidated Communications on the transaction.

Ocean Tomo, a part of J.S. Held Serves as Financial Advisor to AltC Acquisition Corp. in Advanced Nuclear Oklo Transaction

Retrieved on: 
Tuesday, July 25, 2023
United States Army Acquisition Corps, Morgan, Lewis & Bockius, Fairness opinion, Economics, Acquisition, Ocean Tomo, Oklo

CHICAGO, July 25, 2023 /PRNewswire-PRWeb/ -- Ocean Tomo, a part of J.S. Held, acted as financial and technical advisor to AltC Acquisition Corp., a special purpose acquisition company co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., an advanced fission technology and nuclear fuel recycling company.

Key Points: 
  • Held, served as financial advisor to AltC Acquisition Corp., supporting the acquisition of Oklo at a pre-money valuation of approximately $850M.
  • Held, acted as financial and technical advisor to AltC Acquisition Corp., a special purpose acquisition company co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., an advanced fission technology and nuclear fuel recycling company.
  • As financial and technical advisors, we performed a detailed assessment of Oklo's nuclear reactor technology, license applications, and regulatory approvals.
  • We also conducted a benchmark analysis of Oklo compared to other advanced nuclear and alternative energy technologies and market participants.

Redwood Logistics Acquires Rockfarm Supply Chain Solutions, Fortifying Redwood’s Modern 4PL Services

Retrieved on: 
Tuesday, July 11, 2023
TMS, Skipjack, 3PL, Morgan, Lewis & Bockius, Intelligence, Acquisition, Freight technology, Transportation management system, PGL, Transport, OTM, Retail, Sales, Oracle, Sequoioideae

CHICAGO, July 11, 2023 (GLOBE NEWSWIRE) -- Redwood Logistics (Redwood), one of the fastest-growing supply chain orchestration and logistics execution companies in North America, today announced the company has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics (collectively referred to as “Rockfarm”).

Key Points: 
  • CHICAGO, July 11, 2023 (GLOBE NEWSWIRE) -- Redwood Logistics (Redwood), one of the fastest-growing supply chain orchestration and logistics execution companies in North America, today announced the company has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics (collectively referred to as “Rockfarm”).
  • The acquisition fortifies Redwood’s modern 4PL services, supplementing its growing tech-enabled managed services and cementing its position as a market leader for supply chain integration.
  • Together, Redwood will now represent a combined $5.5 billion in total platform freight under management between its 3PL and 4PL services.
  • “Redwood customers can now enjoy an enhanced suite of modern 4PL services through the acquisition of Rockfarm.