Topic: How To Invest

Spinoffs, Takeovers and Special Situations Hotline – Friday, April 5, 2019

Article Excerpt

SYNAPTICS INC., $38.81, symbol SYNA on Nasdaq, develops and supplies touchscreens and touchpads for smartphones, tablets, notebooks, car dashboards and smartwatches. The company focuses on research and development, and product design and engineering. It uses contractors to make its products. On March 15, 2019, Synaptics announced the departure of CEO Richard Bergman after more than seven years in the top job. In a separate move, director Nelson Chan, who’s been on the board since 2007, will become executive chairman. Chan will now head up the executive leadership committee’s search for a new CEO. The company was the subject of a possible takeover last summer by U.K.-based Dialog Semiconductor plc (symbol DLGNF on the U.S. Over-the-Counter market). However, Dialog called off the negotiations in late July for undisclosed reasons. Speculation at the time was that the escalating U.S./China trade war would have made it difficult to win Chinese regulatory approval for the deal. Meanwhile, there are now fresh reports that Dialog is looking to renew takeover talks…