Sigma Designs +8.6% after selling off another unit [Seeking Alpha]
SIGMA DESIGNS (SIGM)
Last sigma designs earnings: 12/7 04:15 pm
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US:NASDAQ Investor Relations:
sigmadesigns.com/ir
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Source: Seeking Alpha
Sigma Designs +8.6% after selling off another unitSigma Designs (NASDAQ:SIGM)will sell its Wired Connectivity Business Unit to Integrated Silicon Solution for $28M in cash.Deal expected to close in Q1 of Sigma’s FY19. The quarter ends on April 28.Silicon Labs was set to acquire Sigma but the deal fell through. Sigma sold its Sigma Z-Wave business to Silicon Labs and has now offloaded another unit.Sigma Designs shares areup 8.6%.Previously:Sigma Designs -8.6% on unit sale after acquisition falls through (Jan. 23)Previously:Founding CEO departs Sigma Designs (Jan. 29)See all stocks on the move »Now read:Special Liquidation Offering Great Risk/Return »
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