UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 2.01 Completion of Acquisition or Disposition of Assets.
On April 28, 2020, Silicon Laboratories Inc., a Delaware corporation, and Silicon Laboratories International Pte. Ltd., the Singapore subsidiary of Silicon Laboratories Inc. (collectively “Silicon Laboratories”) completed the acquisition of the Wi-Fi® and Bluetooth® business of Redpine Signals for cash consideration of $308 million, subject to customary working capital adjustments and certain other adjustments. The acquisition was completed pursuant to the terms of the Asset Purchase Agreement, dated March 11, 2020 (the “Agreement”).
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which was filed as an exhibit to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 12, 2020 and is incorporated into this report by reference.
The press release announcing the acquisition is attached hereto as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | |
| 2.1 | Asset Purchase Agreement, dated March 11, 2020, by and among Silicon Laboratories Inc., Silicon Laboratories International Pte. Ltd. and Redpine Signals, Inc. (filed as Exhibit 2.1 to the Form 8-K filed on March 12, 2020) | |
| 99.1 | Press Release of Silicon Laboratories Inc. dated April 28, 2020 | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SILICON LABORATORIES INC.
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| April 28, 2020 | /s/ John C. Hollister | |
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Date |
John C. Hollister Senior
Vice President and (Principal Financial Officer)
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