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Lattice Semiconductor to Acquire AMI for $1.65 Billion in Cash and Stock From THL Partners

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-- Lattice Semiconductor (LSCC) agreed to acquire AMI, a cloud and AI-server management software company, for $1.65 billion in cash and stock from THL Partners.

The purchase includes $1 billion in cash and $650 million in Lattice stock. The acquisition is expected to close in Q3, subject to regulatory approvals and other conditions, Lattice said Monday in a statement.

The transaction is expected to be accretive to gross margin, free cash flow and earnings per share on an adjusted basis, and AMI is projected to generate more than $200 million in revenue in 2026, Lattice said.

Lattice shares rose 0.4% in after-hours trading after gaining 3.8% in the regular session.

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