Maxlinear Shares Resume Trading, Last Down 0.58% At $33.80; After Maxlinear Terminates Merger Deal With Silicon Motion
Portfolio Pulse from Benzinga Newsdesk
Maxlinear has terminated its merger deal with Silicon Motion, leading to a 0.58% drop in Maxlinear's share price to $33.80.
July 26, 2023 | 7:46 pm
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NEGATIVE IMPACT
Maxlinear's termination of its merger with Silicon Motion has led to a 0.58% drop in its share price.
The termination of the merger deal with Silicon Motion has led to uncertainty among investors, causing a drop in Maxlinear's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Silicon Motion's planned merger with Maxlinear has been terminated.
The termination of the merger deal with Maxlinear may have an impact on Silicon Motion's future plans, but the immediate impact on its stock price is unclear.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80