Silicon Motion Technology Corp - ADR

NASDAQ:SIMO   10:49:50 AM EDT
89.82
+1.88 (+2.14%)
Earnings Announcements

MaxLinear To Acquire Silicon Motion

Published: 05/05/2022 11:37 GMT
Silicon Motion Technology Corp - ADR (SIMO) - Maxlinear to Acquire Silicon Motion.
Maxlinear to Acquire Silicon Motion.
Maxlinear Inc - Silicon Motion Shareholders to Receive $93.54 in Cash and 0.388 Shares of Maxlinear Common Stock per Ads.
Maxlinear Inc - Proposed Deal for Total per Ads Consideration of $114.34.
Maxlinear Inc - Acquisition Expected to Be Immediately and Materially Accretive to Co's Operating Income, Operating Margin, Earnings per Share, and Cash Flow.
Maxlinear Inc - Maxlinear Will Acquire Silicon Motion in a Cash and Stock Transaction That Values Combined Company at $8 Billion in Enterprise Value.
Maxlinear Inc - Proposed Deal for Cash and Stock Transaction Valuing Silicon Motion at $3.8 Billion.
Maxlinear Inc - Upon Closing of Transaction, Maxlinear Shareholders Will Own Approximately 86% of Combined Company.
Maxlinear Inc - Cash and Stock Transaction Values Silicon Motion at $3.8 Billion.
Maxlinear - to Fund $3.1 Billion of Cash Consideration With Cash on Hand From Combined Companies, Fully Committed Debt Financing From Wells Fargo Bank.
Maxlinear Inc - Transaction is Not Subject to Any Financing Conditions.
Maxlinear Inc- Deal is Expected to Generate Annual Run-rate Synergies of at Least $100 Million to Be Realized Within 18 Months After Transaction Closes.
Revenue is expected to be $265.63 Million
Adjusted EPS is expected to be $1.77

Next Quarter Revenue Guidance is expected to be $313.93 Million
Next Quarter EPS Guidance is expected to be $2.24

More details on our Analysts Page.