Why Shares of Sigma Designs Slumped Today [The Motley Fool]
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: The Motley Fool
The company is no longer being acquired. Instead, it will sell off its core business and liquidate the rest. Timothy Green ( TMFBargainBin ) Jan 24, 2018 at 12:39PM What happened Shares of system-on-chip solutions provider Sigma Designs ( NASDAQ:SIGM ) slumped on Wednesday after the company announced changes to its agreement to sell itself to Silicon Labs ( NASDAQ:SLAB ) . Instead of acquiring the entire company, Silicon Labs will now buy only the Z-Wave business. Following the close of the transaction, Sigma Designs will liquidate its assets and distribute cash to shareholders. Shares of Sigma Designs were down about 15% at noon EST, while shares of Silicon Labs were down 1.5%. So what On Dec. 7, Sigma Designs agreed to be acquired by Silicon Labs for $282 million in cash. Due to initial closing conditions not being satisfied, the com
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