403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Why Is SLAB Stock Soaring Pre-Market Today?
(MENAFN- AsiaNet News)
Silicon Laboratories Inc. (SLAB) shares were up nearly 26% in Wednesday's pre-market trade after Texas Instruments Inc. (TXN) agreed to acquire the company.
Texas Instruments said that it will acquire Silicon Labs for $231.00 per share in an all-cash transaction, representing a total enterprise value of approximately $7.5 billion.
Retail sentiment on Stocktwits around Silicon Laboratories trended in the 'extremely bullish' territory at the time of writing.
Meanwhile, Texas Instruments shares were down nearly 4% in Wednesday's pre-market trade, with retail sentiment hovering in the 'neutral' territory.
Get updates to this story developing directly on Stocktwits.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment