San Diego, CA -- (SBWIRE) -- 02/25/2016 -- An investigation for shareholders in ANADIGICS, Inc. was announced concerning whether the takeover of ANADIGICS, Inc. at $0.66, respectively $0.76 per share.

Investors who purchased shares of ANADIGICS, Inc. (NASDAQ:ANAD) and currently hold any of those NASDAQ:ANAD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of ANADIGICS, Inc. (NASDAQ:ANAD breached their fiduciary duties owed to ANADIGICS, Inc. (NASDAQ:ANAD investors in connection with the proposed acquisition.

On January 25, 2016 ANADIGICS, Inc. (NASDAQ:ANAD) announced that on January 21, 2016 one of the entities previously designated by the Company's Board of Directors as an Excluded Party under the now-terminated November 11, 2015 agreement and plan of merger between the Company and affiliates of GaAs Labs, LLC ("Party B") has delivered to the Company an unsolicited offer letter and further amended proposed merger agreement, dated January 21, 2016, that amends Party B's acquisition proposal that was announced by the Company on January 19, 2016 (the "January 21, 2016 Party B Proposed Merger Agreement"). The January 21, 2016 Party B Proposed Merger Agreement offers, subject to the terms thereof, to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.76 per share net in cash, pursuant to an all-cash tender offer and second-step merger. By its terms, the offer contained in the January 21, 2016 Party B Proposed Merger Agreement expires on January 29, 2016.

ANADIGICS, Inc said that although the January 21, 2016 Party B Proposed Merger Agreement does not presently contain all of the material provisions that the Company's Board of Directors believes are necessary to protect the Company and its stockholders, as discussed in the Company's January 19, 2016 announcement, the Board of Directors, after consultation with its financial and legal advisors, has determined in good faith that the January 21, 2016 Party B Proposed Merger Agreement constitutes an "Acquisition Proposal" that could reasonably be expected to lead to a "Superior Offer," as those terms are defined in the previously announced January 15, 2016 agreement and plan of merger pursuant to which an affiliate of II-VI Incorporated ("II-VI") has offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.66 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "II-VI Merger Agreement").

However, given that at least one analyst has set the high target price for NASDAQ:ANAD shares at $1.25 per share and that NASDAQ:ANAD shares rose in the open market to as high as $0.70 per share on January 26, 2016, the investigation concerns whether the offer is unfair to ANADIGICS, Inc. (NASDAQ:ANAD stockholders. More specifically, the investigation concerns whether the ANADIGICS, Inc. (NASDAQ:ANAD Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On February 24, 2016, NASDAQ:ANAD shares closed at $0.83 per share.

Those who are current investors in NASDAQ:ANAD shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com