Dec. 16, 2013, 12:51 PM
Nov. 5, 2013, 4:49 PM
- Mindspeed Technologies (MSPD) has agreed to be acquired by M/A-COM Technology Solutions (MTSI) for $5.05/share in cash, a 70% premium to today's close. The transaction values MSPD at $272M.
- Mindspeed is also in "advanced discussions" with a strategic acquirer for its wireless business and "expects to continue those efforts in the coming weeks."
May 1, 2013, 9:26 AM
Mindspeed (MSPD) +31% following news it has hired Morgan Stanley to explore strategic alternatives (presumably a sale is among them). Craig-Hallum has upgraded shares to Buy, arguing the chipmaker could fetch $5/share (1.5x-2x sales), a 118% premium to yesterday's close. On the other hand, Raymond James has downgraded Mindspeed to Market Perform. (FQ2 results)| May 1, 2013, 9:26 AM
Apr. 30, 2013, 4:33 PM
Mindspeed (MSPD) +8.3% AH after announcing (in tandem with its FQ2 report) it has hired Morgan Stanley to explore "strategic alternatives." With a market cap that's barely above $100M (after factoring the AH gain), the networking equipment chipmaker would be fairly easy for a bigger rival to digest, should one be interested in doing so. Shares closed near their 52-week low today, nearly a month after getting crushed thanks to a warning. Update (6:01): Shares are now up 31% AH.| Apr. 30, 2013, 4:33 PM