Synaptics To Acquire Dsp Group, Expanding Leadership In Low Power Ai Technology
08/30/21, 12:12 PM
Location
medellínIndustry
insurance
food and beverage
agriculture and farming
manufacturing
financial services
hardware
consumer electronics
Synaptics Incorporated (Nasdaq: SYNA) and DSP Group, Inc. (Nasdaq: DSPG) today announced the signing of a definitive agreement, unanimously approved by the boards of directors of both companies, whereby Synaptics acquires DSP Group, a leading global provider of voice and wireless chipset solutions for converged communications, at $22.00 per share in an all-cash transaction. The combination is anticipated to generate annual run rate synergies of $30 million for the new entity to be realized within 12 months of closing and is immediately accretive to Synaptics' non-GAAP earnings. The transaction is expected to be financed through a combination of cash on hand and a fully committed, incremental debt financing arrangement with a projected close by the end of calendar year 2021, subject to DSP Group shareholder approval and customary closing conditions.
Company Info
Location
620 taylor station road
Medellín, Antioquia, Colombia
Company info
We're leading the Colombian coffee industry by building an environmentally sustainable, socially equitable, and fully modernized approach to coffee production.
We invest in the innovation of agricultural practices and processing in order to produce exceptional coffees that serve farming communities, the local environment, and value-chain partners.