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It also creates chips for set top boxes, media players, and TVs.Silicon Laboratories (NASDAQ:SLAB) is also a semiconductor company focusing on connectivity chips. The company has previously produced chips for routers and Bluetooth devices, and has been transitioning its operations towards Internet of Things related chips.The Situation Sigma Designs entered into an agreement on December 7, 2017, to be acquired by Silicon Labs for $7.05 per share in cash equating to a total value of roughly $282MM (merger agreement). We will refer to that purchase of the entire business as the "original clause" of the merger.
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cheap iphone Cases An overview of the deal was provided in the press release via the following bullet points:Broad strategic collaboration leveraging combined immunology expertise and assets to develop and commercialize novel immunotherapies for the treatment of cancer and autoimmune diseases Celgene gains option to commercialize Juno programs iPhone Cases outside North America and co promote certain programs globally Juno gains option to co develop and co promote select Celgene programs Celgene to make initial payment of approximately $1 billion which includes the purchase of 9.1 million shares of Juno stock at $93.00 per share, with potential to increase its stake over time CELG paid JUNO $150 million upfront as part of the $1 B, the rest going to purchase JUNO common shares (though with restrictions) at approximately double the market price. One of my concerns a year ago was that JUNO's market price was already inflated, as the biotech boom (NASDAQ:IBB) was at its peak then. So CELG bought in at a large premium at the top of the market.This deal continues to affect the GAAP EPS for CELG and partly accounts for its 50 ish current P/E on GAAP EPS cheap iphone Cases..
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