Analog Devices (ADI) to Acquire Hittite Microwave (HITT) for $78/Share
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Wells Fargo Downgrades Hittite Microwave (HITT) to Market Perform
June 10, 2014 7:11 AM EDTWells Fargo downgraded Hittite Microwave (NASDAQ: HITT) from Outperform to Market Perform with a price target of $77-$78.
Analyst David Wong said, "Our valuation range is based primarily on the fact that ADI has made a... More
Analog Devices (ADI) Issues More Detail of Hittite (HITT) Acquisition; Enters $2B Commitment Letter
June 9, 2014 5:26 PM EDTOn June 9, 2014, Analog Devices, Inc. (Nasdaq: ADI) and its newly formed, wholly owned subsidiary, BBAC Corp. (the Purchaser), entered into an Agreement and Plan of Merger (the Merger Agreement) with Hittite Microwave Corporation (Nasdaq: HITT), pursuant to which the Purchaser will commence a cash tender offer (the Offer) to purchase all of the outstanding shares of common stock of Hittite, par value $0.01 per share, at a price of $78.00 per share, net to the seller in cash, without interest (such amount, the Offer Price). Following the consummation of the Offer, the Purchaser... More
Needham & Company Downgrades Hittite Microwave (HITT) to Hold on Takeover
June 9, 2014 2:48 PM EDTNeedham & Company downgraded Hittite Microwave (NASDAQ: HITT) from Buy to Hold following today's deal to be acquired by Analog Devices (NYSE: ADI) for $78 per share in cash, or a roughly a 29% premium to Friday's close.
Analyst N. Quinn Bolton... More
DA Davidson Downgrades Hittite Microwave (HITT) to Neutral
June 9, 2014 2:47 PM EDTDA Davidson downgraded Hittite Microwave (NASDAQ: HITT) from Buy to Neutral.
For an analyst ratings summary and ratings history on Hittite Microwave click here. For more ratings news on Hittite Microwave click here.
Shares of Hittite Microwave closed at $60.56 yesterday.
... MoreStifel Nicolaus Downgrades Hittite Microwave (HITT) to Hold
June 9, 2014 2:01 PM EDTStifel Nicolaus downgraded Hittite Microwave (NASDAQ: HITT) from Buy to Hold.
For an analyst ratings summary and ratings history on Hittite Microwave click here. For more ratings news on Hittite Microwave click here.
Shares of Hittite Microwave closed at $60.56 yesterday.
... MoreHittite Microwave (HITT) trading halted with news pending
June 9, 2014 6:59 AM EDTHittite Microwave (NASDAQ: HITT) trading halted with news pending.
... More