Tessera Explores Separation of Imaging & Optics Business

Tessera announced that it is exploring a possible separation of Imaging & Optics business. The company is evaluating multiple alternatives, including spin-off.

Tessera has not set a timetable for completing its exploration and there can be no assurance that the process will result in any transaction. The company does not expect to make further public comment regarding these matters unless a definitive agreement or other commitment for any transaction is reached.