William Blair Downgrades DTS Inc. (DTSI) to Market Perform

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Go back to William Blair Downgrades DTS Inc. (DTSI) to Market Perform

Tessera Technologies to Acquire DTS

September 20, 2016 7:00 AM EDT

Combined company creates a global innovator in premium audio and imaging solutions Projected 2016 pro forma revenue of approximately $450 million Immediately accretive to EPS and cash flow Transaction value represents 28% premium to DTSs 30-day VWAP as of September 19, 2016 Combined company to be renamed at the closing of the transaction

SAN JOSE, Calif. & CALABASAS, Calif.--(BUSINESS WIRE)-- Tessera Technologies, Inc. (NASDAQ: TSRA) (Tessera or the company), a leader in developing... More