Gennum Shareholder Approval Obtained for Acquisition by Semtech
BURLINGTON, Ontario, Canada, March 14, 2012 -- Gennum Corporation (TSX: GND) (“Gennum”) announced that at a special meeting of Gennum shareholders (the “Meeting”) held earlier today, Gennum received the requisite shareholder approvals for the plan of arrangement (the “Plan of Arrangement”) pursuant to which Semtech Corporation, through its indirect wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Gennum. Approximately 99.5% of the total votes cast by shareholders and approximately 99.5% of the votes cast by “minority shareholders” (as described in Gennum’s information circular) were voted in favour of the special resolution approving the Plan of Arrangement.
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