Why Is SLAB Stock Soaring Pre-Market Today?
Synopsis
Texas Instruments said that it will acquire Silicon Labs for $231.00 per share in an all-cash transaction, representing a total enterprise value of approximately $7.5 billion.
Silicon Laboratories Inc. (SLAB) shares were up nearly 26% in Wednesday’s pre-market trade after Texas Instruments Inc. (TXN) agreed to acquire the company.
Texas Instruments said that it will acquire Silicon Labs for $231.00 per share in an all-cash transaction, representing a total enterprise value of approximately $7.5 billion.
Retail sentiment on Stocktwits around Silicon Laboratories trended in the ‘extremely bullish’ territory at the time of writing.
Meanwhile, Texas Instruments shares were down nearly 4% in Wednesday’s pre-market trade, with retail sentiment hovering in the ‘neutral’ territory.
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