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Microchip Technology And Micrel Announce The Completion Of The Acquisition Of Micrel By Microchip Technology





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Microchip Technology Inc. is a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications …
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CHANDLER, Ariz. and SAN JOSE, Calif., Aug. 3, 2015 /PRNewswire/ — Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, and Micrel, Incorporated (NASDAQ: MCRL) today announced that Microchip has actually completed its previously announced acquisition of Micrel.  Shareholders of Micrel overwhelmingly approved the merger along with 98.95% of the Micrel shares that voted in favor of the merger.  As a result of the completion of the transaction, trading in Micrel common stock on the NASDAQ Stock Market will certainly cease today.

“We are fairly pleased to have actually completed our acquisition of Micrel,” said Steve Sanghi, President and CEO.  “I welcome the Micrel employees in to the Microchip family and look forward to building a combined organization that will certainly bring the capabilities of the 2 organizations to bear in the marketplace.”

Under the terms of the merger agreement, Micrel shareholders were able to elect to receive the $14.00 per share purchase fee in either your hard earned cash or shares of Microchip common stock.  Based on the outcomes of the shareholder elections, Microchip will certainly pay an aggregate of around $430 million in your hard earned cash and issue an aggregate of 8,626,795 shares of its common stock to Micrel shareholders.  The number of shares of Microchip common stock that a Micrel shareholder will certainly receive is based on a conversion ratio of $14.00 divided by the standard of the Microchip closing stock fee for the ten most recent trading days ending on the second to last trading day prior to August 3, 2015, which is $42.888 per share. 

Forward Looking Statements

The statements in this release relating to building a combined organization that will certainly bring the capabilities of the 2 organizations to bear in the marketplace are forward-looking statements earned pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are subject to a number of business, economic, legal and various other risks that are inherently uncertain and difficult to predict, including, yet not limited to: modifications in reason or market acceptance of the products of Microchip and Micrel and the products of their respective customers; competitive developments; the costs and outcome of any sort of current or future litigation involving Microchip, Micrel or the acquisition transaction; the effect of the acquisition on Microchip’s and Micrel’s existing relationships along with customers and vendors and their operating outcomes and businesses; the progress and costs of development of Microchip and Micrel products and the timing and market acceptance of those Brand-new products; Microchip’s ability to successfully integrate Micrel’s operations and employees and retain essential employees and otherwise recognize the expected synergies and benefits of the transaction; and general economic, industry or political conditions in the United States or internationally.  For a detailed discussion of these and various other risk factors, please refer to the SEC filings of Microchip and Micrel including those on Forms 10-K and 10‑Q.  You can easily obtain copies of Forms 10-K and 10-Q and various other relevant documents for free at Microchip’s website (www.microchip.com), at Micrel’s website (www.micrel.com) (as applicable) or the SEC’s website (www.sec.gov) or from commercial document retrieval services.

Stockholders of Microchip and Micrel are cautioned not to place undue reliance on the forward-looking statements in this press release, which speak only as of the date such statements are made.  Neither Microchip nor Micrel undertakes any sort of obligation to publicly update any sort of forward-looking statements to reflect events, circumstances or Brand-new article after this August 3, 2015 press release, or to reflect the occurrence of unanticipated events.

About Microchip Technology

Microchip Technology Inc. (NASDAQ:   MCHP) is a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide.  Headquartered in Chandler, Arizona, Microchip offers fantastic technical support along along with dependable delivery and quality.  For much more information, visit the Microchip website at www.microchip.com.

About Micrel

Micrel, Inc. is a leading global manufacturer of IC solutions for the international analog, Ethernet and high-bandwidth markets.  Micrel’s products contain advanced mixed-signal, analog and energy semiconductors, high-performance communication, clock management, MEMS-based clock oscillators and crystal-much less clock generators, Ethernet switch and bodily layer transceiver ICs.  Micrel’s headquarters are located in San Jose, California, along with regional sales and support offices and advanced technology design centers situated throughout the Americas, Europe and Asia.  For much more information, visit the Micrel website at www.micrel.com.

MICROCHIP CONTACT:
J. Eric Bjornholt – CFO……………. (480) 792-7804

 

MICREL INVESTORS CONTACT:

Dan Burch ……………(212) 929-5748

Larry Dennedy ………… (212) 929-5239

 

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SOURCE Microchip Technology Incorporated

RELATED LINKS
http://www.microchip.com

Providence Service Corporation to Report Second Quarter 2015 Results on Thursday, August 6th After the Market Closes






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TUCSON, Ariz., July 31, 2015 /PRNewswire/ — The Providence Service Corporation (Nasdaq: PRSC) today announced that it is scheduled to report financial outcomes for its second quarter ended June 30, 2015 on Thursday, August 6, after the market closes.

Providence will certainly hold a conference call at 11:00 a.m. EDT (8:00 a.m. PDT/MST) Friday, August 7, 2015 to discuss its financial outcomes and corporate developments.  Interested parties are invited to listen to the call live over the Internet at http://investor.provcorp.com.  The call is additionally available by dialing (866) 515-2912, or for global callers (617) 399-5126, and by using the passcode 83463896. 

A replay of the teleconference will certainly be available on http://investor.provcorp.com.  A replay will certainly additionally be available until August 14, 2015 by dialing (888) 286-8010 or (617) 801-6888 and using passcode 80558015.

About Providence
Providence is a Tucson, Arizona-based firm that provides and manages government sponsored human services, innovative global employment services, comprehensive good health assessment and care management services, and non-emergency transportation services.  It offers: (1) non-emergency transportation management services to state Medicaid programs, local government agencies, hospital systems, good health maintenance organizations, private managed care organizations and commercial insurers, too as to people along with limited mobility, individuals along with limited means of transportation, individuals along with disabilities and Medicaid members (2) home- and community-based counseling services, which contain home-based and intensive home-based counseling, workforce development, substance abuse treatment services, school support services and correctional services; (3) foster care and therapeutic foster care services; (4) case management, referral and monitoring services; (5) social improvement, employment and welfare services to various global government bodies and corporations; and (6) in-estate comprehensive good health assessment and care management services primarily to Medicare Advantage programs.  Providence is unique in that it provides and manages its human services primarily in the client’s own estate or in community based settings, quite compared to in hospitals or treatment facilities and provides its non-emergency transportation services clients through local transportation providers quite compared to an owned fleet of vehicles.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “demonstrate,” “expect,” “estimate,” “forecast,” “anticipate,” “should” and “likely” and similar expressions identify forward-looking statements. In addition, statements that are not historical need to additionally be considered forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. Such forward-looking statements are based on current expectations that involve a lot of known and unknown risks, uncertainties and various other factors which might trigger actual events to be materially various from those expressed or implied by such forward-looking statements. These factors include, however are not limited to, our continuing partnership along with government entities and our ability to procure firm from them, our ability to regulate growing and changing operations, the implementation of the healthcare reform law, state budget modifications and legislation and various other risks detailed in Providence’s filings along with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2014.  Providence is under no obligation to (and expressly disclaims any type of such obligation to) update any type of of the short article in this press release if any type of forward-looking statement later turns out to be inaccurate whether as a result of brand-new information, future events or otherwise.

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SOURCE Providence Service Corporation

RELATED LINKS
http://www.provcorp.com

KPHO Sells CBS Channel 5 Newsroom Studio – Former Home Of The Wallace And Ladmo Show




























PHOENIX, July 31, 2015 /PRNewswire/ — Newmark Grubb Knight Frank (NGKF) and Phoenix’s initial television studio, KPHO, announced the sale of its long-time station and studio at 4016 N. Black Canyon Highway. The unique space and former residence of the Wallace and Ladmo show, encompassing 44,039 square feet on 3.96 acres, was sold for $1,925,000 or $43.71 per square foot to Treatment Assessment Screening Center, Inc. NGKF’s Managing Directors Geoffrey Waldrom and Erik Marsh represented the seller in the transaction.

“Originally built for KPHO, the station is outfitted in a classic 1970s-era construction,” commented Waldrom. “We understood the uniqueness of the retro build-out and the appeal of the asset’s local history. The knack was to fee it appropriately, gauge the desirability for the right user, and to give diligent service throughout the marketing process, effectively conveying the asset’s potential and value.”

Treatment Assessment Screening Center, an interdisciplinary organization devoted to substance abuse and mental good health assessment and treatment, purchased the building for $43.71 per square foot, coming fairly close to the evaluated asking fee of $45.00 per square foot. The Non-profit will certainly make its Brand-new residence in the much more compared to 44,000 square feet of office space while enjoying secure parking and immediate highway access and visibility.

Perhaps finest known for its local children’s television show, KPHO developed The Wallace and Ladmo prove to in 1955 to showcase afternoon cartoons. Beloved by local youngsters – in particular, both that grew up to eventually sell the television studio – the Wallace and Ladmo prove to was one of the longest-running, daily, locally made children’s television shows in American broadcasting and a consistent local Emmy recipient until it went off the air in 1989. “We the two attended the prove to as section of the live studio audience, me as a Cub Scout in the 80’s,” remarked Marsh, “In the same building we sold.”

KPHO entered the Phoenix market in 1949, originally broadcasting three networks: ABC, NBC and Dumont. The station’s initial location was the iconic Westward Ho building on Central Avenue in Downtown Phoenix – where one Can easily still see the original broadcasting tower, now used as a cell phone tower. KPHO moved to the southwest corner of Black Canyon Highway and Indian School Road in 1973. Today, KPHO has actually combined offices along with KTVK-TV Channel 3, sharing efficiencies and synergies in a larger space.

About Newmark Grubb Knight Frank

Newmark Grubb Knight Frank is one of the world’s leading commercial genuine estate advisory firms. With each other along with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from much more compared to 330 offices in established and emerging property markets on 6 continents.

With roots dating spine to 1929, NGKF’s tough foundation makes it one of the most trusted names in commercial genuine estate. NGKF’s full-service platform comprises BGC’s genuine estate services segment, offering commercial genuine estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.

NGKF is a section of BGC Partners, Inc., a leading global brokerage company servicing the financial and genuine estate markets. BGC’s common stock trades on the NASDAQ Global Choose Market under the ticker symbol (NASDAQ: BGCP). BGC likewise has actually an exceptional bond issuance of Senior Notes due June 15, 2042, which trade on the Brand-new York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For much more information, please visit http://www.bgcpartners.com/.

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SOURCE Newmark Grubb Knight Frank

RELATED LINKS
http://www.ngkf.com

Seeger Weiss LLP Reports That The FDA Has Issued A Warning Letter To IVC Filter Manufacturer, C.R. Bard






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NEW YORK, July 31, 2015 /PRNewswire/ — Seeger Weiss LLP is reporting that on July 13, 2015, the Federal Drug Administration (FDA) issued a warning letter to C.R. Bard, the manufacturer of Inferior vena cava (IVC) filters, for not taking adequate strides to right violations the agency located at two of Bard’s facilities. Bard was previously gained aware of these violations after the FDA cited them throughout Inspectional Observations that ensued on November 18, 2014, through January 05, 2015, in Bard’s Tempe, AZ, location and on October 6, 2014, through November 25, 2014, in its Queensbury, NY, location.

During the inspections, Bard’s facility in Tempe, AZ, was located to be manufacturing the Recovery Cone Removal System (an IVC filter) devoid of marketing clearance or approval by the FDA.  According to the Agency, the facility additionally failed to inform the FDA of a machine malfunction that was most likely to lead to severe injury or death and misfiled several customer complaints—including a report of a patient’s death. Meanwhile, Bard’s Queensbury, NY, facility was cited along with a violation for failure to validate IVC filter cleaning. The warning letter, which additionally suspended the marketing application of certain unapproved devices, is the next step for the FDA in pressuring Bard to handle its cited violations.

IVC filters have actually previously been under scrutiny by the FDA. Meant to capture blood clots prior to they reach the heart or lungs, usage of the medical device has actually been associated along with certain side events. In a 2010 Safety Communication, the Agency noted that these events include: “device migration, filter fracture, embolization (movement of the entire filter or fracture fragments to the heart or lungs), perforation of the IVC, and difficulty removing the device.” These sorts of events could be related to exactly how long the IVC filter was implanted and, according to a 2013 study in JAMA Internal Medicine, can easily create pulmonary emboli.

Seeger Weiss LLP is among the nation’s leading trial law firms handling complex individual, mass and class action litigation on behalf of consumers, investors, injured persons and whistleblowers. The firm, along with offices in New York, Philadelphia and New Jersey, represents plaintiffs throughout litigation and as trial counsel in a number of method areas, including financial, securities and investment fraud, pharmaceutical injury, consumer protection, qui tam (whistleblower cases), environmental and asbestos exposures, personal injury and medical malpractice, product defect, antitrust, and commercial disputes. For a lot more information, visit www.seegerweiss.com.

If you believe you have actually been injured by an IVC filter, visit our IVC Filter Lawsuit page.

http://www.fda.gov/ICECI/EnforcementActions/WarningLetters/2015/ucm455224.htm
http://www.fda.gov/MedicalDevices/Safety/AlertsandNotices/ucm396377.htm
http://archinte.jamanetwork.com/article.aspx?articleid=1669107

Contact: 
Christopher A. Seeger, (212) 584-0700 or cseeger@seegerweiss.com 
Jeffrey S. Grand (212) 584-0700 or jgrand@seegerweiss.com 

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SOURCE Seeger Weiss LLP

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http://www.seegerweiss.com