RTTNews | Aug 2, 2021 08:02AM EDT

08:02 Monday, August 2, 2021 (RTTNews.com) - Silicon Labs (SLAB) on Monday announced its plan to begin a "modified Dutch auction" tender offer to purchase up to $1 billion common shares at a price of not less than $140 per share nor greater than $160 per share.

The tender offer enables the company to return capital to stockholders following divestiture of its infrastructure and automotive business for a purchase price of $2.75 billion in cash.

The company aims to commence the tender offer on August 3, which would expire on August 30, 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3214650/silicon-labs-plans-modified-dutch-auction-tender-offer-to-purchase-up-to-1-bln.aspx)

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