Wireless chipmakers Advanced Analogic (AATI +32.5%) and Skyworks (SWKS +10.3%) surge after...

|About: Advanced Analogic Technolog... (AATI)|By:, SA News Editor

Wireless chipmakers Advanced Analogic (AATI +32.5%) and Skyworks (SWKS +10.3%) surge after announcing a revised merger agreement in which the latter will acquire the former for $5.80/share in cash. Though the price is below the $6.13/share agreed to in May, investors had feared the deal would collapse entirely after Skyworks filed notices of breach (I, II) against Advanced Analogic.