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Stock impact report

Sigma Designs -8.6% on unit sale after acquisition falls through [Seeking Alpha]

SIGMA DESIGNS (SIGM) 
Last sigma designs earnings: 12/7 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: sigmadesigns.com/ir
Company Research Source: Seeking Alpha
Sigma Designs -8.6% on unit sale after acquisition falls throughSigma Designs (NASDAQ:SIGM)announces plans to sell its Z-Wave business to Silicon Labs (NASDAQ:SLAB) for $240M in cash.Silicon Labs had planned to acquire all of Sigma Designs but the initial closing conditions weren’t satisfied.Sigma expects the transaction to close in late Q1 or early Q2 of CY18.After the close, Sigma will initiate a liquidation plan that will include a substantial cash distribution to shareholders.Sigma Designs shares aredown 8.6% aftermarket.See all stocks on the move »Now read:Top Tech Predictions For 2018 » Show less Read more
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