Information Provided By:
Fly News Breaks for March 30, 2017
EXAR, MXL
Mar 30, 2017 | 08:34 EDT
Roth Capital analyst Brian Alger raised his price target for MaxLinear (MXL) to $35 from $30 after the company announced it plans to acquire Exar (EXAR) in an all cash tender offering at $13 per share, or roughly a $470M Enterprise Value. Beyond the cost savings, the analyst sees numerous opportunities for sales synergies. He reiterates a Buy rating on MaxLinear's shares.
News For MXL;EXAR From the Last 2 Days
There are no results for your query MXL;EXAR