Information Provided By:
Fly News Breaks for March 28, 2019
ON, QTNA
Mar 28, 2019 | 06:55 EDT
Needham analyst N. Quinn Bolton issued a double-downgraded on Quantenna Communications (QTNA) after its announced acquisition by ON Semiconductor (ON) at $24.50 per share. The analyst says he sees low likelihood of another bidder given the cash-nature of the bid, the 39% premium to the 50-day moving average price on the stock, and the company's work with Qatalyst Partners, which likely already shopped the deal. Bolton believes the transaction will close within 6 weeks and urges shareholders to support the deal.
News For QTNA;ON From the Last 2 Days
There are no results for your query QTNA;ON