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Drexel Hamilton Downgrades Applied Micro Circuits (AMCC) to Hold Amid Takeout

Go back to Drexel Hamilton Downgrades Applied Micro Circuits (AMCC) to Hold Amid Takeout

Roth Capital Downgrades Applied Micro Circuits (AMCC) to Neutral

November 21, 2016 1:18 PM EST

Roth Capital downgraded Applied Micro Circuits (NASDAQ: AMCC) from Buy to Neutral.

For an analyst ratings summary and ratings history on Applied Micro Circuits click here. For more ratings news on Applied Micro Circuits click here.

Shares of Applied Micro Circuits closed at $7.25 yesterday.

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Analog chipmaker Macom to buy Applied Micro for $770 million

November 21, 2016 8:08 AM EST

(Reuters) - Analog chipmaker Macom Technology Solutions Holdings Inc (NASDAQ: MTSI) said on Monday it would buy fellow chipmaker Applied Micro Circuits Corp (NASDAQ: AMCC) for about $770 million to expand its data center connectivity business.

Macom's offer of $8.36 per share, comprising... More

M/A-Com Technology Solutions (MTSI), Applied Micro Circuits (AMCC) will resume trading at 7:45am ET

November 21, 2016 7:34 AM EST

Applied Micro Circuits (Nasdaq: AMCC) and M/A-Com Technology Solutions (Nasdaq: MTSI) will resume trading at 7:45am EST.

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M/A-Com Technology Solutions (MTSI) to Acquire Applied Micro Circuits (AMCC) in $770M Deal

November 21, 2016 7:16 AM EST

MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) announced it has entered into a definitive agreement to acquire Applied Micro Circuits Corporation (Nasdaq: AMCC) for approximately $8.36 per share, consisting of $3.25 in cash and 0.1089 MACOM shares per share of AppliedMicro. This price for each share of AppliedMicro represented a 15.4% premium over the companys closing price of $7.25 on Friday, November 18th. MACOM intends to divest the well-positioned but non-strategic Compute business within the first 100 days of closing.

Transaction Highlights Include:

Transaction valued at approximately $770... More