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Stock Market & Financial Investment News

News Breaks
February 13, 2014
09:09 EDTMTSIM/A-COM acquires Nitronex for approximately $26M in cash
M/A-COM Technology Solutions announced that it has acquired Nitronex. The acquisition of Nitronex is expected to provide MACOM with fundamental and innovative GaN-on-Silicon epitaxial and pendeoepitaxial semiconductor process technology and materials for use in RF applications, establishing MACOM's growing GaN technology portfolio as one of the broadest in the industry. MACOM purchased Nitronex from GaAs Labs, LLC for approximately $26M in cash, subject to potential post-closing adjustments. MACOM financed the transaction through a draw of additional indebtedness from its revolving credit facility. GaAs Labs, LLC is an affiliate of the majority stockholder of MACOM's parent company, M/A-COM Technology Solutions Holdings.
News For MTSI From The Last 14 Days
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August 29, 2014
08:29 EDTMTSIM/A-COM has positive read through from acquisitions, says Jefferies
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August 22, 2014
11:17 EDTMTSIPeregrine unlikely to receive competing bid, says Oppenheimer
Oppenheimer believes Peregrine (PSMI) is unlikely to receive a competing takeover bid to Murata's since Murata is Peregrine's largest customer and Avago (AVGO) and Skyworks (SWKS) are looking to diversify away from mobile. Opco thinks Murata may look to divest Peregrine's non-mobile business, and views Skyworks, RF Micro Devices (RFMD), Analog Devices (ADI), and M/A-Com Technology (MTSI) as logical buyers for the business.

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