InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
83.11
(
-0.02%
)
Bitcoin
63,884.44
(
-0.18%
)
Post# of 648882
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

dDT

Send PM Follow Ignore
Followers 470
Posts 76416
Boards Moderated 3
Alias Born 03/31/2008

dDT

Re: None

Tuesday, 01/27/2015 7:47:25 AM

Tuesday, January 27, 2015 7:47:25 AM

Post# of 648882
Lattice Semiconductor to buy Silicon Image in $600M deal

Lattice Semiconductor (NASDAQ:LSCC) agrees to acquire Silicon Image (NASDAQ:SIMG) for $7.30/share, representing an equity value of ~$600M and a 23.7% premium to SIMG's closing price on Jan. 26.
LSCC believes the deal will expand its opportunities in consumer, communications and industrial markets, and expects $32M in synergies that are expected to be immediately accretive to earnings.
LSCC says it has received a $350M financing commitment from Jefferies to help pay for the deal.
SIMG +22.3% premarket.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up