II-VI Incorporated Completes Its Acquisition of ANADIGICS, Inc.

ANADIGICS Announces That it Has Entered Into an Amended Merger Agreement With II-VI Incorporated at a Per-Share Offer Price of $0.85

ANADIGICS Announces That Its Board of Directors Has Declared a Competing Bidder's Proposal to Acquire the Company at a Per-Share Price of $0.81 to be a "Superior Offer" and Clarifies the Procedure for Bringing the Auction Process to a Close

ANADIGICS Announces That it Has Received From II-VI Incorporated a Proposed Amendment to the Merger Agreement That, Among Other Things, Increases the Offer Price to $0.73 Per Share

ANADIGICS Announces That Its Board of Directors Has Declared a Competing Bidder's Proposal to Acquire the Company at a Price of $0.78 Per Share Constitutes a "Superior Offer"

ANADIGICS Announces That It Continues to Negotiate With a Competing Bidder

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