Standard Microsystems (SMSC) says it will not increase its offer for Conexant Systems (CNXT)...

|About: Standard Microsystems Corpo... (SMSC)|By:, SA News Editor

Standard Microsystems (SMSC) says it will not increase its offer for Conexant Systems (CNXT) above $2.25/share in response to a proposal from Golden Gate Capital. SMSC +2.4%, CNXT -6.3% premarket. (PR)