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SANTA CLARA, Calif., Sept. 14, 2018 /PRNewswire/ -- Adesto® Technologies (IOTS), a leading provider of innovative application-specific semiconductors and systems for the IoT era, is pleased to announce the successful completion of its previously announced acquisition of Echelon Corporation (ELON). Echelon® is a pioneer in the development of open-standard networking platforms for connecting, monitoring and controlling devices in commercial and industrial applications. The definitive agreement was initially announced on June 29, 2018, and Echelon shareholders approved the transaction at a Special Meeting of Shareholders held on September 13, 2018.
NEW YORK, Aug. 8, 2018 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for The Northern District of California, Case No.5:18-cv-4415, on behalf of shareholders of Echelon Corporation ("Echelon" or the "Company") (ELON) who held Echelon shares and have been harmed by Echelon and its board of directors' (the "Board") for alleged violations of Sections 14(a), and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the sale of the Company to Adesto Technologies Corporation (IOTS) ( the "Merger Agreement"). Under the terms of the agreement, Echelon shareholders will receive $8.50 for each Echelon share of common stock they own.
SANTA CLARA, Calif. , Aug. 2, 2018 /PRNewswire/ -- Echelon Corporation (NASDAQ: ELON) today announced financial results for the second quarter ended June 30, 2018 . "Momentum from the first quarter ...
SANTA CLARA, Calif. , July 26, 2018 /PRNewswire/ -- Echelon Corp., (NASDAQ: ELON), a leading independent control networking company for the Industrial Internet of Things (IIoT), will announce results for ...