Seeking Alpha

Microchip Technology snaps up Supertex

  • Microchip Technology (MCHP) announces the purchase of Supertex (SUPX) for $21 per share.
  • The deal reps a total equity value of ~$394M including cash and investments already held by Supertex.
  • Microchip expects the deal to be accretive immediately after it closes.
Comments (2)
  • fidelity comment
    , contributor
    Comments (153) | Send Message
     
    I'm seeing reporting that the price is $33/share, not $21. Currently trading at $33.
    10 Feb 2014, 01:16 PM Reply Like
  • tenstring
    , contributor
    Comments (29) | Send Message
     
    It is $33, I've read numerous reports to that effect -- law firms seem to be seeking a plaintiff, saying that price is too low. I'd like to know more about what's going on here.
    10 Feb 2014, 10:24 PM Reply Like
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