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Stock Market & Financial Investment News

News Breaks
May 29, 2014
08:04 EDTEXARExar completes integrated memory logic tender offer
Exar announced the successful completion of its tender offer to acquire the outstanding shares of Integrated Memory Logic Limited. As of the expiration date of the tender offer on May 29, a total of 68,319,091 shares were tendered, representing approximately 92% of iML's outstanding shares, exceeding the minimum tender condition of 51,964,096. The share consideration will be settled on or before June 6. By obtaining a controlling interest, Exar will begin consolidating iML financials. Pursuant to the terms and conditions of the merger agreement with iML, Exar will initiate procedures to acquire the remaining outstanding shares of iML in a second-step merger. After the merger closing, which is expected in the September quarter, iML will become a subsidiary of Exar, and iML stock will be delisted from and cease to be a publicly reported company on the Taiwan Stock Exchange.
News For EXAR From The Last 14 Days
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October 13, 2014
16:47 EDTEXARExar doubles Hadoop Performance
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October 8, 2014
18:31 EDTEXAROn The Fly: After Hours Movers
UP AFTER EARNINGS: Ruby Tuesday (RT), up 19.6%... Exar (EXAR), up 13.7% after reporting second quarter revenue guidance... Alcoa (AA), up 2.2%. ALSO HIGHER: Nuance (NUAN), up 2.5% following rumors that Carl Icahn will recommend that Apple (AAPL) buy the company... GrubHub (GRUB), up just under 1% after being initiated with a Buy at CRT Capital. DOWN AFTER EARNINGS: Kofax (KFX), down 20.1% after reporting first quarter revenue and fiscal 2015 revenue guidance below analyst estimates... ARC Group (ARCW), down 17%... E2open (EOPN), down 8.9%. ALSO LOWER: Gap (GPS), down 7.6% following September same store sales data and CEO transition... AMD (AMD), down 7% after announcing CEO transition.
16:32 EDTEXARExar sees Q2 revenue at or above high end of $40M-$43M range, consensus $41.68M
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