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SIMO / MaxLinear to buy Silicon Motion in a cash and stock deal valued at about $4 billion

MaxLinear to buy Silicon Motion in a cash and stock deal valued at about $4 billion
Shares of Silicon Motion Technology Corp. SIMO, -0.40% shot up 10.8% in premarket trading Thursday, prior to a trading halt, after the Hong Kong-based semiconductor company agreed to be acquired by MaxLinear Inc. MXL, +5.20% in a cash and stock deal that values Silicon Motion at about $4 billion. MaxLinear's stock was also halted for news. Read More
Posted: May 5 2022, 07:56
Author Name: Market Watch
Views: 111854

SIMO News  

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