Trump blocks $1.3B deal between Canyon Bridge, Lattice
September 14, 2017
Semiconductors | Hillsboro, OR | Public-to-Private Buyout
President Donald Trump has issued an order prohibiting the $1.3 billion take-private acquisition of Lattice Semiconductor by Canyon Bridge, a private equity fund with China-based investors. The move is just the fourth time in 27 years that a US president has blocked a foreign takeover, per Bloomberg. In November, Canyon Bridge offered to pay $8.30 per share for Lattice, but regulators took issue with the deal due to national security concerns, including the potential military applications of the semiconductors Lattice makes for smart-connectivity devices.