Cirrus confirmed it proposed buying Synaptics, but says it is no longer pursuing a deal. The filing gives no price, expected benefit, or cost to show a clear change for Cirrus.
The proposals suggest Cirrus explored expanding through Synaptics. But Cirrus says it is no longer pursuing a deal and gives no price, expected benefit, or cost. The filing does not show a clear change in Cirrus's outlook.
Synaptics has a pending merger with ON, and Cirrus says it is no longer pursuing a separate deal. The filing gives no proposal terms or change to the pending merger, so it does not show a clear change for Synaptics.
ON's pending merger with Synaptics is mentioned, and Cirrus says it is no longer pursuing a deal with Synaptics. This may remove a possible competing bidder, but no change to ON's merger is reported.
Follow Cirrus Logic, Inc. (CRUS) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for CRUS