Analog and mixed signal semiconductor maker Skyworks Solutions (NASDAQ:SWKS) said late yesterday it has agreed to acquire Advanced Analogic Technologies (AATI) for $6.13 per share, a 52% premium to the stock’s 30-day average.
Advanced Analogic Technologies is an analog semiconductor company focused on enabling energy-efficient devices for consumer electronics, computing and communications markets.
Skyworks said the acquisition expands its portfolio with highly complementary analog semiconductor products including battery chargers, DC/DC converters, voltage regulators and LED drivers.
Skyworks said the analog power management semiconductor market is a strategic growth market for it, noting that Gartner research forecasts growth in the market to $12.1 billion in 2014, up from $9.9 billion in 2010.
Under the terms of the deal, Advanced Analogic shareholder will receive $3.68 per share in cash and a portion of a Skyworks share worth $2.45 for each outstanding share of Advanced Analogic owned.
The transaction is subject to Advanced Analogic shareholder and regulatory approval.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Launch related slideshow:
Friday 5/17 Insider Buying Report: CONE, ERII
Friday 5/17 Insider Buying Report: WFR, VSTM
Thursday 5/16 Insider Buying Report: SIX, MRIN
Daily Wrap: May 17, 2013
Donaldson Shares Slip On Lowered Guidance
Daily Wrap: May 16, 2013
Analyst Moves: AMAT, ARUN, DE
Analyst Moves: NOC, GM, GILD
Analyst Moves: WSM, LTD, ADSK
Friday Sector Leaders: Education & Training Services, Auto Parts
Friday Sector Laggards: Precious Metals, Rental, Royalty Trusts
Thursday Sector Leaders: Shipping, Education & Training Services
Friday's ETF with Unusual Volume: IYK
Friday's ETF Movers: PSCM, PSAU
HYG, RUSS: Big ETF Outflows
Daily Dividend Report: AET, DV, RWT, BGS, WMB
Daily Dividend Report: SYY, VTR, HIG, ESS, XEC
Daily Dividend Report: COH, STT, WDC, KSS, DPS
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Hiring Picture Improves In April
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013