Why Sigma Designs Inc. Stock Skyrocketed 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
Sigma is being acquired for its Z-Wave smart-home business. Here's what investors need to know. Steve Symington ( TMFSymington ) Dec 8, 2017 at 3:09PM What happened Shares of Sigma Designs Inc. ( NASDAQ:SIGM ) were up 23.7% as of 2:45 p.m. EST Friday, after the system-on-a-chip semiconductor specialist agreed to be acquired by Silicon Laboratories ( NASDAQ:SLAB ) . More specifically, Silicon Labs will purchase Sigma Designs for $7.05 per share in cash -- good for a premium of 24.8% over yesterday's close -- in a deal valued at roughly $282 million. IMAGE SOURCE: GETTY IMAGES. So what The move will significantly expand Silicon Labs' wireless portfolio, particularly with smart-home solutions like Sigma Designs' Z-Wave technology. The connected home represents one of the largest market opportunities in the [Internet of Things], sta
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