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Stock Market & Financial Investment News

News Breaks
June 10, 2014
05:30 EDTHITTHittite Microwave downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Hittite Microwave to Market Perform citing the takeover by Analog Devices. The firm raised its price target range for shares to $77-$78 from $65-$75.
News For HITT From The Last 14 Days
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July 22, 2014
14:55 EDTHITTGabelli raises stake in Hittite Microwave to 6.5% from 5.4%
07:08 EDTHITTAnalog Devices completes tender offer for Hittite Microwave shares
Analog Devices (ADI) announced it has completed its tender offer to purchase all outstanding shares of common stock of Hittite Microwave Corporation (HITT) for $78.00 per share in cash, and ADI has accepted for payment and will promptly pay the depositary for all validly tendered shares. ADI expects to complete the acquisition of Hittite Microwave later today and will issue a press release to notify stakeholders. The tender offer expired at 12:00 midnight, New York City time, at the end of July 21, 2014. As of the expiration of the tender offer, 23,291,991 shares of Hittite Microwave common stock had been validly tendered and not validly withdrawn, representing approximately 74.2% of Hittite Microwave’s outstanding shares of common stock.
July 16, 2014
18:02 EDTHITTEducation Realty to replace Hittite Microwave in S&P 600 as of 7/21 close
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July 15, 2014
16:09 EDTHITTGabelli reports 5.4% stake in Hittite Microwave
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