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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Jul. 11, 6:18 AM

Slide #9. Synaptics Incorporated Broadcom's Wireless IoT Connectivity Business

Acquirer: Synaptics Incorporated (NASDAQ:SYNA)
Acquiree: Broadcom's Wireless IoT Connectivity Business
Details: Synaptics Incorporated (Nasdaq: SYNA) today announced the signing of definitive agreements under which Synaptics will acquire certain assets and manufacturing rights associated with the wireless IoT business of Broadcom (Nasdaq: AVGO) for approximately $250 million in an all-cash transaction. Under the terms of the agreements, Synaptics will acquire certain rights to Broadcom's existing Wi-Fi, Bluetooth and GPS/GNSS products and business in the IoT market as well as future roadmap devices designed in advanced process nodes. The acquisition further strengthens and accelerates Synaptics' position in the fast-growing consumer IoT market.

Synaptics is a developer and supplier of custom-designed human interface semiconductor product solutions that enable people to interact with a variety of mobile computing, communications, entertainment, and other electronic devices. Co. targets the markets for smartphones, tablets, personal computer, products, Internet of Things, products and other select electronic devices, including devices in automobiles. Co.'s family of products includes: ClearPad®, ClearView™, TouchView™, Natural ID®, TouchPad™, SecurePad™, ClickPad™, ForcePad®, AudioSmart®, VideoSmart™, ImagingSmart™, and other product solutions.

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Company Name:  Synaptics Inc
Sector:  Semiconductors
Number of ETFs Holding SYNA:  53
Total Market Value Held by ETFs:  $412.02M
Total Market Capitalization:  $2.31B
% of Market Cap. Held by ETFs:  17.84%

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July 11, 2020    6:18 AM Eastern
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Hold (2.40 out of 4)
14th percentile
(ranked lower than approx. 86% of all stocks covered)
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