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Stock Market & Financial Investment News

News Breaks
December 18, 2012
19:41 EDTPLXT, IDTIFTC seeking to block Integrated Device, PLX Technology merger
The Federal Trade Commission issued an administrative complaint seeking to stop Integrated Device Technology's (IDTI) proposed $330M acquisition of PLX Technology (PLXT), a deal that allegedly would give the combined firm a near-monopoly in the market for a type of integrated computer circuits called PCIe switches. The commission also authorized the staff to seek a preliminary injunction in federal district court or other relief necessary to stop the deal pending a full administrative trial. According to the FTC, IDT and PLX are each others closest and most direct competitor in the nearly $100M market for PCIe switches. IDTs proposed acquisition of PLX would give the combined firm a share in excess of 85% of the market, according to the FTC. Reference Link
News For IDTI;PLXT From The Last 14 Days
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September 2, 2015
14:44 EDTIDTIIntegrated Device management to meet with Craig-Hallum
Meeting to be held in Denver on September 9 hosted by Craig-Hallum.
August 25, 2015
14:20 EDTIDTIFormer JPMorgan analyst charged in $600,000 insider trading scheme
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