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Stock Market & Financial Investment News

News Breaks
February 4, 2014
06:25 EDTPSMIPeregrine downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Peregrine citing a lack of near-term growth prospects and challenges in the company's core switch business following its Q4 results. The firm lowered its price target for shares to $7 from $9.50.
News For PSMI From The Last 14 Days
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October 10, 2014
17:04 EDTPSMIJapan Fair Trade Commission approves Murata acquisition of Peregrine
Peregrine Semiconductor announced that the Japan Fair Trade Commission has informed Peregrine that it has granted clearance of the proposed merger with Murata Electronics North America, Inc. The approval is subject to a 30-day waiting period set to terminate on October 12. The merger remains subject to other closing conditions. The Peregrine board has established the close of business on October 13 as the record date for its special meeting of shareholders to consider and vote on, among other things, the proposed merger. The shareholder meeting is scheduled for November 19.

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