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Fly News Breaks for February 14, 2017
GIG, IDTI
Feb 14, 2017 | 07:52 EDT
Loop Capital analyst Betsy Van Hees said she was "a little surprised" at the timing of Integrated Device's (IDTI) announcement of its agreement to acquire GigPeak (GIG) for $250M, but she views the pending acquisition as a positive as it alleviates near-term concerns on muted revenue growth. She has a Buy rating and $29 price target on Integrated Device shares.
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