Craig-Hallum Downgrades Vitesse Semiconductor (VTSS) to Hold
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March 19, 2015 8:08 AM EDT
Ascendiant Capital downgraded Vitesse Semiconductor (NASDAQ: VTSS) from Buy to Hold.
For an analyst ratings summary and ratings history on Vitesse Semiconductor click here. For more ratings news on Vitesse Semiconductor click here.
Shares of Vitesse Semiconductor closed at $5.34 yesterday.
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March 19, 2015 6:54 AM EDT
Topeka Capital downgraded Vitesse Semiconductor (NASDAQ: VTSS) from Buy to Hold with a price target of $5.50 (from $5.00). The change follows its recent deal to be acquired.
For an analyst ratings summary and ratings history on Vitesse Semiconductor... More
March 18, 2015 7:01 AM EDT
(Updated - March 18, 2015 7:03 AM EDT)
Microsemi (Nasdaq: MSCC) and Vitesse Semiconductor Corporation (Nasdaq: VTSS), jointly announced that Microsemi has entered into a definitive agreement to acquire Vitesse for $5.28 per share through a cash tender offer, representing a premium of 32 percent based on the average closing price of Vitesse's shares of common stock during the 30 trading days ended March 17, 2015. The board of directors of Vitesse unanimously recommends that Vitesse's stockholders tender their shares in the tender offer. The total transaction value is approximately $389 million.
Headquartered in Camarillo, California, Vitesse designs a... More
