SWIR - Semtech Sierra Wireless receive DOJ second request on deal

• Semtech ( SMTC ) and Sierra Wireless ( NASDAQ: SWIR ) said they received a request for additional information from the Dept. of Justice in regards to the Sierra Wireless acquisition.
• Semtech ( SMTC ) and Sierra Wireless ( SWIR ) said they will continue to work with the DOJ to resolve their open questions and bring the review to a close, according to a statement. The issuance of the second request extends the waiting period under the HSR Act until 30 days after Semtech and Sierra have substantially complied with the second requests.
• Semtech ( SMTC ) received a no action letter from the Canadian Competition Bureau on Oct. 3, satisfying the Competition Act Approval condition to closing.
• Semtech ( SMTC ) announced in August it planned to acquire Sierra Wireless ( SWIR ) for $31 per share in all cash .

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