4 Merger and Acquisition Stock Stories for Savvy Investors
Texas Instruments (NYSE:TXN): Current price $32.83
Both Texas Instruments and Globalfoundries have made offers to purchase a portion of the equipment installed at the DRAM maker Powerchip Technology’s P3 12-inch facility, which lends a lack of clarity to the outcome of the sale, according to industry sources. The seller decided to tear down its P3 12-inch fab by divesting the production equipment and land separately, and is said to have approached several Taiwan-based niche market memory suppliers, including Elite Semiconductor Memory Technology, Etron Technology, Winbond Electronics and Zentel Electronics, to make their offers to take over the facilities.
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