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Fly News Breaks for June 20, 2018
DLGNF, SYNA
Jun 20, 2018 | 09:10 EDT
Craig-Hallum analyst Tony Stoss notes that Synaptics (SYNA) confirmed they are in discussions with Dialog Semiconductor (DLGNF). Recall, a few weeks back it was reported that Synaptics rejected a $59 per share all cash bid from Dialog, he adds. Stoss does not believe Synaptics would accept a $59 per share offer given where the stock has traded in the past, and would likely consider an offer closer to $80 per share which Dialog is unlikely to finance.
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