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MCHP

Microchip

$89.06

0.56 (0.63%)

, MSCC

Microsemi

$64.26

-0.28 (-0.43%)

09:22
04/13/18
04/13
09:22
04/13/18
09:22

Microchip receives U.S. antitrust clearance for Microsemi acquisition

Microchip Technology (MCHP) announced, in connection with its pending acquisition of Microsemi Corporation (MSCC), the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The completion of the merger is also subject to obtaining antitrust clearances from China's Ministry of Commerce, the Japan Fair Trade Commission, Taiwan Fair Trade Commission, Philippine Competition Commission, German Federal Cartel Office and Federal Competition Authority in Austria, each of which continues to review the transaction. Completion of the merger also remains subject to certain other closing conditions, including approval by Microsemi stockholders. Assuming the timely receipt of the aforementioned regulatory approvals and the satisfaction of the other closing conditions, Microchip anticipates that the merger will be completed in June 2018.

MCHP

Microchip

$89.06

0.56 (0.63%)

MSCC

Microsemi

$64.26

-0.28 (-0.43%)

  • 09

    May

MCHP Microchip
$89.06

0.56 (0.63%)

03/08/18
GSCO
03/08/18
UPGRADE
Target $108
GSCO
Buy
Microchip upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Mark Delaney upgraded Microchip to Buy and raised his price target for the shares to $108 from $88. The analyst believes the company's capital allocation could drive earnings growth and views the valuation as reasonable at current share levels.
03/06/18
PIPR
03/06/18
DOWNGRADE
Target $68.78
PIPR
Neutral
Microsemi downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Harsh Kumar downgraded Microsemi (MSCC) to Neutral citing the pending takeover by Microchip (MCHP). The analyst does not believe another company will try to outbid Microchip's current agreement with Microsemi. He lowered his price target for Microsemi shares to $68.78 from $70 and expects the deal will close in Q2.
03/05/18
BMOC
03/05/18
DOWNGRADE
Target $68.78
BMOC
Market Perform
Microsemi downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Ambrish Srivastava downgraded Microsemi (MSCC) to Market Perform from Outperform following the bid by Microchip (MCHP) at $68.78 per share. Srivastava adds that he does anticipate a potential competitive bid for the company.
03/05/18
MZHO
03/05/18
UPGRADE
MZHO
Buy
Microchip upgraded to Buy from Neutral at Mizuho
Mizuho analyst Vijay Rakesh upgraded Microchip (MCHP) to Buy from Neutral with a $110 price target. Rakes expects the Microsemi (MSCC) acquisition will drive Microchip's 2019-2020 earnings of $7-$8 and sees an opportunity for the company to drive breadth and operating leverage with the transaction.
MSCC Microsemi
$64.26

-0.28 (-0.43%)

03/05/18
03/05/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Amag Pharmaceuticals (AMAG) downgraded to Hold from Buy at Jefferies with analyst Eun Yang citing valuation. 2. Finisar (FNSR) downgraded to Outperform from Strong Buy at Raymond James. 3. LifePoint (LPNT) downgraded to Market Perform from Outperform at Leerink with analyst Ana Gupte saying increased investments over the next 12 months to capture additional volume growth will challenge free cash flow and share price appreciation. 4. Microsemi (MSCC) downgraded to Sector Weight from Overweight at KeyBanc, to Neutral from Buy at Mizuho and to Market Perform from Outperform at BMO Capital. 5. Vectrus (VEC) downgraded to Hold from Buy at Drexel Hamilton with the firm citing valuation. click here.

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VLKAY

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BT

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SNAP

Snap

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Time spreads in Snap as shares see further weakness »

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AXP

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PYPL

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GSVC

GSV Capital

$6.75

0.13 (1.96%)

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Far downside put buyers in GSV Capital Corporation »

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SCHW

Charles Schwab

$46.56

-1.49 (-3.10%)

13:55
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Charles Schwab put volume heavy and directionally bearish »

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  • 19

    Oct

FSNUY

Fresenius SE

$0.00

(0.00%)

, AKRX

Akorn

$6.94

-0.18 (-2.53%)

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GT

Goodyear Tire

$20.47

-0.98 (-4.57%)

, CTB

Cooper Tire

$24.67

-0.97 (-3.78%)

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Cooper Tire

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MGDDY

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$0.00

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CTTAY

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CNHI

CNH Industrial

$10.61

-0.44 (-3.98%)

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ZION

Zions Bancorp

$47.57

-0.86 (-1.78%)

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Zions Bancorp call volume above normal and directionally bullish »

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ARQL

ArQule

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SPX

S&P 500

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GS

Goldman Sachs

$225.18

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  • 26

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TTWO

Take-Two

$125.92

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PPG

PPG

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URI

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ETE

Energy Transfer Equity

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NVS

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