Alpha Stockholders Approve Merger to Combine With Conexant's Wireless Business.Business/Technology Editors WOBURN, Mass.--(BUSINESS WIRE)--June 13, 2002 Alpha Industries Alpha Industries is a clothing manufacturer founded in 1959 in Knoxville, Tennessee. The company makes items such as flight jackets and vests, and has made jackets for the military of the United States like the M65 Jacket. Two models are the MA-1 and CWU-45/P pilot jackets. , Inc. (Nasdaq:AHAA AHAA Association of Hispanic Advertising Agencies AHAA American Hearing Aid Associates AHAA Adolescent Health and Academic Achievement Study ) today announced that its stockholders have voted to approve the company's proposed merger with Conexant Systems, Inc.'s (Nasdaq:CNXT) wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. business. At a special meeting of stockholders held in Bedford, Mass. this morning, Alpha received the approval of more than a majority of the shares voted on the merger proposal. "Today's vote represents a strong expression of confidence in the merger," said David Aldrich, chief executive officer of Alpha, who will become chief executive officer of the combined company. "Having completed this milestone, we look forward to rapidly satisfying the remaining closing conditions, completing the merger, and getting on with the business of providing the industry's highest level of semiconductor integration for our customers' wireless handset and infrastructure platforms." As previously announced, Skyworks Solutions Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Inc. has been selected as the name for the new combined company. Skyworks will be the industry's leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications. Completion of the merger is subject to satisfaction of certain closing conditions, including receipt of a ruling by the Internal Revenue Service that the spin-off of Conexant's wireless communications business immediately prior to the merger will be tax-free to Conexant stockholders. The merger is expected to close by the end of this month. Following the closing, Skyworks shares will be traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors SWKS. Under the terms of the proposed merger, Conexant shareowners will receive 0.351 of a share in Skyworks for each Conexant share owned. Conexant shareholders will also continue to hold shares in Conexant after completion of the merger. Alpha stockholders will continue to hold their existing Alpha shares as shares in Skyworks. For more information about Skyworks, please visit www.skyworksinc.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in Conexant's and Alpha's Securities and Exchange Commission filings. Such risks and uncertainties include difficulties in integrating Conexant's wireless communications business and Alpha's business; failure of the spin-off of Conexant's wireless communications business and the merger to qualify as tax-free reorganizations; and the uncertainties of future economic and market conditions and of the demand for the Company's products. About Alpha Alpha Industries produces highly integrated RF semiconductor solutions for enhancing the speed, quality and performance of wireless voice, data and video communications. Alpha's GaAs switches, power amplifiers and discrete semiconductors have become reference products for many of the world's largest manufacturers of wireless handsets, mobile data devices, wireless infrastructure and broadband access See broadband and wireless broadband. platforms. Alpha's strategy is to leverage its industry-leading process breadth, which includes GaAs PHEMT See FET. , HBT HBT Heterojunction Bipolar Transistor HBT HyCult Biotechnology (Uden, The Netherlands) HBT Hanbury-Brown-Twiss (interferometer) HBT Herring Bone Twill HBT Heflex Bioengineering Test , InGaP and associated RF process technologies, into increasing levels of component integration. As a result, the Company is winning new business for its growing line of integrated RF module solutions, which reduce design complexity and improve the OEM's time to market for new products. For more information, please visit Alpha's Web site, www.alphaind.com. Skyworks and Skyworks Solutions are trademarks or registered trademarks of Alpha Industries, Inc. and Conexant Systems, Inc., or their subsidiaries in the U.S. and in other countries. |
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