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Fly News Breaks for June 11, 2018
DLGNF, SYNA
Jun 11, 2018 | 08:45 EDT
Craig-Hallum analyst Tony Stoss notes that Synaptics (SYNA) reportedly rejected a $59 per share all cash bid from Dialog Semiconductor (DLGNF). The analyst does not believe Synaptics would accept a $59 per share offer given where the stock has traded in the past and recalls the company reportedly turned down a $110 per share offer from a Chinese bidder in 2016. Stoss thinks Synaptics would likely consider an offer closer to $80 per share. He reiterates a Buy rating on Synaptics shares.
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