Tower Semiconductor (NASDAQ: TSEM) is screaming for the top in the market this morning after announcing that it has entered into a definitive agreement to be acquired. Here’s what’s happening:
TSEM Climbs on Acquisition News
In a press release issued early this morning, Tower Semiconductor said it would be acquired by Intel Corporation (NASDAQ: INTC) in a deal worth about $5.4 billion. The deal is an all-cash deal with a per-share value of $53.
Find out more about TSEM stock here.
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