Baird Downgrades Lattice Semiconductor (LSCC) to Neutral
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/25/2024
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steadies as US fuel demand concerns face Middle East supply risks
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Canyon Bridge to Acquire Lattice Semiconductor (LSCC) in $1.3B Deal
November 3, 2016 8:02 AM EDTLattice Semiconductor Corporation (Nasdaq: LSCC) and Canyon Bridge Capital Partners, Inc. announced that the Company and Canyon Bridge Acquisition Company, Inc. (Parent), an affiliate of Canyon Bridge, have signed a definitive agreement under which Parent will acquire all outstanding shares of Lattice for approximately $1.3 billion inclusive of Lattices net debt, or $8.30 per share in cash. This represents a 30% premium to Lattices last trade price on November 2, 2016, the last trading day prior to announcement.
Darin G. Billerbeck, President and Chief Executive Officer of Lattice, commented, We are pleased to announce the transaction today with... More
