There is a rumor going around these Interwebs that SWKS has been solicited a buyout offer. The rumored parties include Broadcom (AVGO) and Qualcomm (QCOM). The price is $87.50 per share. Seems kind of low but it is probably just an initial offer.
http://seekingalpha.com/news/3191342-skyworks-higher-takeove…
Sincerely,
Charlie
If true, that sucks!
If true, that sucks!
It would given the potential of the company.
Who knows if these rumors are true, but I do know that SWKS is a good buyout candidate based on the company’s fundamentals, valuation, and the market landscape of semiconductors. Lots of big players are ripe with cash looking for growth opportunities which Skyworks provides. David Aldrich stepping down as CEO and moving into the chairman role definitely adds to my suspicions.
Sincerely,
Charlie
Today’s price sure didn’t react.
what is the source?
I can’t see anything in your link.
Since I only started holding Skyworks recently, I’d hope at least I’d be able to get a long term capital gain rather than a short term.
For now, it’s just a rumor…