Dialog Semiconductor: Rumours about a potential deal between Dialog and Synaptics
Dialog Semiconductor: (NEUTRAL, Fair Value EUR25.9 (+67%))Rumours about a potential deal between Dialog and Synaptics
On Friday, Bloomberg said that Dialog and Synaptics were in talks about a potential deal. Later in the day, CNBC wrote that Dialog made a first offer in March at USD59, a 25% premium compared with Synaptics close price. Dialog is obviously looking for opportunities to mitigate its decreasing revenue from Apple representing more than 75% of its business. Synaptics is a leading company in human interface solutions for smartphones, and could be a good fit but raise questions about how such a deal could be financed.
Dialog Semiconductor is engaged in creating and marketing mixed signal integrated circuits for personal, portable, hand-held devices, low energy short-range wireless, LED solid-state lighting and automotive applications. Co. has four segments: Mobile Systems, which includes its power management and audio chips for the wireless systems markets; Automotive and Industrial, which markets products that address the safety, management and control of electronic systems in cars and for industrial applications; Connectivity, with activities that include short-range wireless, digital cordless, Bluetooth and VoIP technology; and Power Conversion, which includes its AC/DC converter solutions.
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