Fly News Breaks for February 14, 2017
Feb 14, 2017 | 09:01 EDT
Craig-Hallum analyst Richard Shannon downgraded GigPeak (GIG) to Hold from Buy after Integrated Device (IDTI) offered to buy the company in an all-cash deal for $3.08 per share. The analyst believes it is very likely the deal will close, although he would not be surprised if some shareholders want to see a higher premium. Shannon also lowered his price target on GigPeak's shares to $3.08 from $3.75.
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