Semtech Corp, a semiconductor supplier will acquire Canada’s Sierra Wireless Inc
Semtech Corp, a semiconductor supplier will acquire Canada’s Sierra Wireless Inc. in a deal worth $1.2 billion, the companies said on Tuesday.
For $31 per share in an all cash deal, Semtech will acquire all shares of Sierra Wireless, according to a statement.
“Internet of things” solutions provider Sierra said earlier in the day that it was in advanced discussion with Semtech about a possible deal.
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