PMC-Sierra (PMCS) Soars on Takeover Battle; Spherix (SPEX) Continues Patent Monetization
Shares of PMC-Sierra Inc. (Nasdaq:PMCS) soared to touch a new 52-week high of $11.78 on Monday’s trading session after chip maker Microsemi Corp. (Nasdaq:MSCC) made an $11.50 per share bid offer for the company, surpassing the $10.50 per share takeover offer proposed recently by semiconductor company Skyworks Solutions Inc. (Nasdaq:SWKS)
PMCS stock closed at $11.73, up $1.49 (or +14.55%) with a total volume of 43,533,109 shares traded, a large increase in activity versus its average volume (3m) of 5,925,280
PMC-Sierra, a semiconductor and software solutions company, has195.68M Shares Outstanding and Market Capitalization (intraday) of $2.30B
The price of the stock of Spherix Inc. (Nasdaq:SPEX) climbed $0.057 (or + 12.03%) to $0.53 and 3,501,159 of its shares exchanged hands on Monday’s market activity as the company said that it has settled the patent litigation with Huawei, which has taken a license from Spherix as part of the deal between the companies.
Spherix, an intellectual property development company, has 34.40M Shares Outstanding, Market Capitalization (intraday) of $18.23M and SPEX stock 52-week range is between $0.20 and $1.65 per share
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