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For $120 million in cash.
April 20, 2020
By: Anthony Locicero
Copy editor, New York Post
Synaptics Incorporated successfully closed the previously announced transaction to divest its Asia-based, mobile LCD TDDI business to an affiliate of Hua Capital for $120 million in cash. In addition to the purchase price, Synaptics expects to receive a cash payment for the on-hand specified business inventory, which is currently estimated to be valued at approximately $19.4 million. Further details will be discussed during the company’s May 7 earnings call (2 p.m. Pacific)....
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