MaxLinear tumbled over 11% while Silicon Motion Technology crashed nearly 9% in premarket trading.
MaxLinear disclosed that it has terminated the companies' merger agreement with Silicon Motion, saying certain closing conditions in the agreement hadn't been met and are incapable of being satisfied.
Before that, Chinese regulators approved the deal, seemingly clearing the way for the acquisition to finally close more than a year after it was first announced.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments