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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 88.37-0.3%3:50 PM EST
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To: Sam who wrote (2654)7/26/2023 7:24:20 AM
From: Elroy  Read Replies (1) of 2977
 
I still don't see an announcement by the two parties. So this remains at the moment a rumor? With share price confirmation that it's likely true, which is nice.

So now MXL has 9 business days to close the deal. I guess that's reasonable, unless their bankers change their minds and won't lend the money.

I think MXL would not want to do this deal given SIMO's likely weak current revenue run rate, and the loan interest rate may be over 8%?

Even with Chinese approval I'm not sure this is guaranteed to close, but the news/rumor is a pretty positive step.
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