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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (72844)	5/24/2023 1:40:18 PM
From: Elroy	1 Recommendation Recommended By Lance Bredvold Read Replies (2) \| Respond to of 78714

I don't know what to make of these random reports in the news about Intel - TSEM and MXL-SIMO. I don't think anyone knows whether they will be approved, or not. I suspect the news reports are probably Chinese hedge funds manipulating the market, but I don't know. SIMO-MXL has Aug 7th as the "drop dead" date, while Intel - TSEM has Aug 15th as the "drop dead" date. If there is no Chinese decision by those dates, but both parties want to extend I think that's fairly straightforward. However, if one party wants to exit the deal that's when it would happen. I think Intel wants to move forward with the acquisition of TSEM, but SIMO's business has collapsed so badly since the announcement that I wouldn't be surprised if MXL prefers to pay $160m break up fee and walk away. SIMO is trading $50 below the deal value!