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Alias Born | 05/08/2008 |
Friday, May 30, 2008 3:02:06 PM
Their stock has taken a bath over the last year and a half from $5s to sub $1s because of lack of earnings. Recently Tower Semi-conductor (TSEM) has made an offer to purchase JAZ in an all stock transaction (1.8 TSEM shares for each JAZ share) at the equivalent of $2.09/ JAZ share or $40M deal. Deal is to be voted on in 2nd half, date yet to be announced.
This might be a good time to get in since JAZ is currently selling in $1.30s.
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