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Stock Market & Financial Investment News

News Breaks
December 18, 2012
19:41 EDTIDTI, PLXTFTC 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 otherís closest and most direct competitor in the nearly $100M market for PCIe switches. IDTís 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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October 10, 2014
06:02 EDTIDTIIntegrated Device implied volatility of 52 at upper end of index mean range
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October 8, 2014
09:38 EDTIDTIActive equity options trading on open
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October 7, 2014
10:18 EDTIDTIHigh option volume stocks
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