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Silicon Motion Provides Certain Details Regarding MaxLinear's Surprise Termination of the Merger Agreement

TAIPEI, Taiwan and MILPITAS, Calif., Sept. 21, 2023 (GLOBE NEWSWIRE) Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion” or “the Company”) today disclosed additional details regarding MaxLinear’s termination of its May 5, 2022 agreement to acquire the Company (the “Merger Agreement”). As previously disclosed, MaxLinear’s July 26, 2023 notice of termination did not contain a factual basis for MaxLinear’s claim that it was not obligated to close its acquisition of the Compa ....

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Maverick Capital Ltd. Boosts Position in MaxLinear, Inc. (NYSE:MXL)

Maverick Capital Ltd. grew its position in shares of MaxLinear, Inc. (NYSE:MXL – Free Report) by 61.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,850 shares of the semiconductor company’s stock after purchasing an additional 28,610 shares during the quarter. Maverick Capital Ltd. […] ....

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StockNews.com Begins Coverage on MaxLinear (NYSE:MXL)

StockNews.com assumed coverage on shares of MaxLinear (NYSE:MXL – Free Report) in a report published on Thursday. The brokerage issued a hold rating on the semiconductor company’s stock. A number of other equities analysts have also weighed in on the company. Wells Fargo & Company dropped their price objective on MaxLinear from $50.00 to $45.00 […] ....

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Great Lakes Advisors LLC Sells 6,963 Shares of MaxLinear, Inc. (NYSE:MXL)

Great Lakes Advisors LLC lowered its position in shares of MaxLinear, Inc. (NYSE:MXL – Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,472 shares of the semiconductor company’s stock after selling 6,963 shares during the period. Great […] ....

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Silicon Motion Terminates MaxLinear Merger, Vows to Seek Damages

By Dean Seal Silicon Motion Technology has terminated a merger agreement with MaxLinear that MaxLinear claimed to have terminated late last month, with. ....

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