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Stock Market & Financial Investment News

News Breaks
April 29, 2014
05:58 EDTCRUSCirrus Logic agrees to acquire Wolfson Microelectronics for $467M
Cirrus Logic and Wolfson Microelectronics announced the terms of a recommended transaction under which Cirrus Logic would acquire Wolfson at a price of GBP 2.35 per share in cash, implying an enterprise value of GBP 278M, or approximately $467M. The transaction, if approved, is expected to strengthen Cirrus Logicís ability to expand its customer base with highly differentiated, end-to-end audio solutions for portable audio applications. The transaction will be financed by a combination of existing cash on Cirrus Logicís balance sheet and $225M in debt funding. The acquisition is expected to be completed in the second half of 2014. Cirrus Logic expects the acquisition to be accretive to non-GAAP earnings per share in the first full quarter after the transaction closes.
News For CRUS From The Last 14 Days
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October 30, 2014
10:26 EDTCRUSHigh option volume stocks
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October 29, 2014
18:59 EDTCRUSOn The Fly: After Hours Movers
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16:02 EDTCRUSCirrus Logic sees Q3 revenue $265M-$285M, consensus $216.8M
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16:01 EDTCRUSCirrus Logic reports Q2 adjusted EPS 68c, consensus 54c
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15:08 EDTCRUSCirrus Logic October weekly 21.5 straddle priced for 9.1% move
08:37 EDTCRUSCirrus Logic October weekly volatility elevated into Q2 and outlook
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October 21, 2014
14:04 EDTCRUSEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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October 20, 2014
18:51 EDTCRUSOn The Fly: After Hours Movers
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18:22 EDTCRUSSkyworks Solutions, Cirrus Logic, others higher after Apple reports Q4 results
The following stocks are moving higher in the after hours following Apple's Q4 results: ARM Holdings (ARMH) is up 1.1%, Skyworks Solutions (SWKS) is higher by 2.2% ,NXP Semiconductors (NXPI), up 2.28%,Cirrus Logic (CRUS) is up 2%, RF Micro Devices (RFMD) gains 1.53% and Avago Technologies (AVGO) is up 1.17%.

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