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PLX Technology (PLXT -15.4%) tumbled and IDT (IDTI +4%) spikes higher on news the FTC has filed...

Dec. 19, 2012 10:00 AM ETPLX Technology, Inc. (PLXT) StockIDTI, PLXTBy: Eric Jhonsa, SA News Editor

PLX Technology (PLXT -15.4%) tumbled and IDT (IDTI +4%) spikes higher on news the FTC has filed a complaint challenging the companies' planned merger. The agency is concerned about the 85%+ share the combined company would have in the PCI-Express switch market. Back in April, IDT agreed to buy PLX for $3.50 in cash and 0.525 shares for every PLX share outstanding.

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