Trump to rule on $1.3B Canyon Bridge, Lattice deal
September 05, 2017
Semiconductors | Hillsboro, OR
A federal panel has reportedly determined that President Donald Trump should prohibit the $1.3 billion take-private acquisition of Lattice Semiconductor by Canyon Bridge, a private equity fund with China-based investors. As of Friday, Trump had 15 days to decide if he would follow the board's recommendation. Canyon Bridge offered to pay $8.30 per share for Lattice in November. However, CFIUS has since taken issue with the deal over national security concerns, including the potential military applications of the semiconductors that Lattice currently makes for smart-connectivity devices.