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With a topic as exciting as artificial intelligence, it’s easy to get wrapped up in the hype. It’s easy to see a new achievement and how exciting it is, but in thinking about an investment thesis, it’s important to step back from the emotion and consider where the...
MaxLinear (NASDAQ:MXL) said the the waiting period under the Hart-Scott-Rodino antitrust act has expired in regard to its planned purchase of Silicon Motion (NASDAQ:SIMO). The expiration of the HSR waiting period occurred on Monday night, according to a statement. The deal is still subject to...
TAIPEI, Taiwan and MILPITAS, Calif., June 28, 2022 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ: SIMO) (“Silicon Motion”), a global leader in NAND flash controllers for solid state storage devices, today announced the expiration of the waiting period under...
Zendesk to be acquired by an investor group led by investment firms Permira and Hellman & Friedman in an all-cash transaction valued at approximately $10.2 billion. The price that Zendesk finally settled for was 40% below the midpoint of the original offer made by the same group o...
NEW YORK, NY / ACCESSWIRE / June 23, 2022 / Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Hemisphere Media Group, Inc. (NASDAQ...
After rejecting two prior offers from Prologis, Duke Realty entered into a definitive agreement to be acquired by Prologis in an all-stock deal valued at $26 billion. Continental Resources received a non-binding proposal from its founder, Harold Hamm, to acquire all outstanding shares...
SIMO grew sales and profits by double digits in Q1, but that was not the reason why the stock has soared higher, outperforming most. MXL intends to acquire SIMO, but longs should expect difficulties in getting the deal through for a couple of reasons. If the deal does not go throu...
MaxLinear is to acquire Silicon Motion in a cash and stock transaction valuing the latter at $3.8 billion. As per the analysis, the deal represents synergistic growth across the compute, networking, and storage areas. More importantly, there should be cost synergies that come with...
Merger activity ground to a halt last week with no new deals announced. JetBlue sweetened its offer for Spirit. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner. For further details see: Merger Arbitrage Mondays: The Bidding War For ...
One of the largest tech deals in M&A history was announced last week. Chipmaker Broadcom entered into an agreement to acquire VMware for $69 billion in a cash or stock deal. Broadcom's acquisition of VMware will be reviewed by either the FTC or the DOJ, the Committee on Foreig...
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Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales: 2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/Y eMMC+UFS controller sales: 2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y...
2024-07-24 14:24:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
TAIPEI, Taiwan and MILPITAS, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that based on its pre...