Consortium Interested In Actions Semiconductor (ACTS) Takeover; Goldman Sachs Boosts View On Energy Transfer Partners (ETP)

Actions_Semiconductor_ACTS

Shares of Actions Semiconductor Co., Ltd. (Nasdaq:ACTS) climbed more than 20% in after-hours trading Friday as the company said that it has received from a consortium led by its former CEO – Mr. Hsuan-Wen (Niccolo) Chen – a preliminary non-binding offer to acquire the fabless semiconductor company for $2.00 per American depositary share.

According to Actions Semiconductor, it has formed a special committee to review and evaluate the “going-private” proposal

ACTS stock closed at $1.52, up $0.05 (or +3.40%), and 4,200 of its shares exchanged hands during the day

Actions Semiconductor, which designs, develops, and markets system-on-a-chip (SoC) products and solutions worldwide, has 44.30M Shares Outstanding, Market Capitalization (intraday) of $67.33M and ACTS stock 52-week range is between $1.19 and $1.99 per share

*

Energy_Transfer_Partners_ETP

Energy Transfer Partners, L.P. (NYSE:ETP) shares surged $0.77 (or +2.15%) to $36.53 on Friday’s trading session

Brokerage firm Goldman Sachs upgraded Energy Transfer Partners’ stock from a Neutral to a Buy rating and raised its price target from $33.00 to to $40.00 per share

Energy Transfer Partners, which operates one of the largest and most diversified portfolios of energy assets in the United States, has 518.72M Shares Outstanding, Market Capitalization (intraday) of $18.95B and ETP stock one-year range is from $18.62 to $57.97 per share

**

Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. GalaxyStocks is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read full disclaimer at http://galaxystocks.com/disclaimer/