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Wednesday, February 23, 2011, 5:09 PM Conexant Systems (CNXT) says it has accepted Golden Gate Capital’s takeover offer of $2.40/share in cash and has terminated its earlier agreement with Standard Microsystems (SMSC). Earlier today, SMSC said it would not increase its $2.25/share offer. CNXT +0.8% AH. (PR) Comment! [Tech]
Wednesday, February 23, 2011, 9:21 AM 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) Comment! [Tech]
Wednesday, February 23, 2011, 9:00 AM Premarket gainers: VRTX +17%. OCLR +10%. CHS +5%. DTV +6%. CTIC +5%. SNV +4%. SOMX +4%.
Losers: SATC -14%. HPQ -9%. CNXT -6%. GRMN -6%. Comment!
Tuesday, February 8, 2011, 9:00 AM Premarket gainers: RHB +46%. KND +26%. CNXT +17%. XIDE +15%. SOMX +6%. CXZ +5%. CPST +5%. MT +5%. BYD +4%. MGM +4%. NTWK +4%. MOTR +4%. CCME +4%.
Losers: BR -12%. GLUU -7%. OLP -6%. TEVA -5%. RNN -5%. BBEP -5%. PPNT -5%. AVP -4%. KTOS -4%. Comment!
Monday, February 7, 2011, 4:47 PM Conexant (CNXT) halted at $2.10; reports are that it received an acquisition offer at $2.35-2.45/share from P-E firm Golden Gate. Comment! [Tech]
Monday, January 10, 2011, 2:57 PM Semiconductor gear maker Standard Microsystems' (SMSC -9.8%) "surprise" $284M buyout of Conexant Systems (CNXT +15%) may deliver imaging and security synergies in its lineup, notes Jefferies. Standard also posts a Q3 loss of $4.6M, down from the prior year's Q3 $6.8M profit. Comment! [Tech]
Monday, January 10, 2011, 9:00 AM Premarket gainers: PLA +17%. CNXT +16%. SNN +12%. LDK +9%. RAS +6%. ACW +5%. LXRX +5%. SPWRA +5%. XING +5%. INHX +5%. AVL +4%. SLE +4%. SHZ +4%. REE +4%. SOL +4%.
Losers: STRA -26%. APOL -9%. COCO -8%. CTIC -6%. ROVI -5%. FCEL -5%. IDX -4%. AIB -4%. Comment!
Monday, January 10, 2011, 6:46 AM Conexant (CNXT) +27% premarket to $2.40 following its deal to be acquired by Standard Micro (SMSC) for $2.25/share in stock and cash. SMSC -0.1%. Comment! [Tech]
Monday, January 10, 2011, 6:16 AM Standard Microsystems (SMSC) to discuss its acquisition of Conexant (CNXT) during its FQ3 earnings conference call at 8:00am ET today. You can listen to the webcast here. Comment! [Tech]
Monday, January 10, 2011, 6:14 AM Standard Microsystems (SMSC) is buying Conexant (CNXT) for ~$284M in stock and cash, a deal that will let the companies "leverage complementary technology and engineering resources to provide our customers with expanded solutions in connectivity and content." (PR) Comment! [Tech]
Wednesday, April 28, 2010, 9:10 AM Premarket gainers: NBG +10%. TSFG +8%. CIIC +7%. NVAX +8%. BCRX +7%. RFMD +6%. TLAB +6%. ACAS +6%. RNN +6%. YRCW +5%. ABK +5%. PCBC +5%. MPEL +5%. ERIC +5%. UAUA +4%. LCC +4%. DCTH +4%. TMO +4%. CRBC +4%. CMCSA +4%. GT +4%. CHU +4%. SQNM +4%.
Losers: BWLD -19%. RHI -11%. CNXT -10%. FBC -10%. PFCB -4%. 1 Comment
Friday, March 5, 2010, 9:00 AM Premarket gainers: ITMN +81%. AIB +13%. TIVO +8%. IRE +6%. CPBY +6%. GNVC +4%. AGT +4%.
Losers: GPRE -6%. CNXT -6%. NG -5%. OSG -4%. Comment!
Friday, January 22, 2010, 9:00 AM Premarket gainers: CNXT +12%. RINO +8%. JCI +7%. NCS +6%. NBG +5%. GE +5%.
Losers: BCS -6%. FSC -5%. AIB -5%. AMD -5%. IRE -5%. CS -5%. COF -4%. DB -4%. Comment!

CNXT Conexant Systems, Inc.

CNXT

Conexant Systems, Inc.