Gainers on News: Mattson Technology (MTSN), SunEdison (SUNE), Qualcomm (QCOM), ARRIS Group (ARRS)

Shares of Mattson Technology Inc. (MTSN) advanced to $3.10 in the previous session in New York and have risen nearly 18% in morning trading Wednesday, after the provider of semiconductor wafer processing equipment announced it will be acquired by Beijing, China-based E-Town Dragon for $3.80 per share in cash.

Currently, more than 2 million MTSN shares have changed hands, which dwarfs the average daily volume of 418K shares.

Shares in the $274.54 million market cap company are up 19.23% year-over-year and off about 39% from their March 3, 2015, $5.10 52-week high.

Shares of SunEdison, Inc. (SUNE) continue to surge on Wednesday, up more than 4%, at $3.60. The solar energy firm gained momentum after its unit TerraForm Global (GLBL) terminated a $3.45 billion deal with Renova, a Brazilian renewable energy company.

Shares of Qualcomm Incorporated (QCOM) are higher by 7.18% in early morning trading on Wednesday.

The $79.42 billion market cap company today announced that it has signed a 3G/4G license agreement with Xiaomi Technology Co. that allows the Chinese smartphone maker to use its patents to make and sell 3G and 4G devices.

Shares of ARRIS Group, Inc. (ARRS) are up by 4.44% to $32.49 in early trading on Wednesday morning following the co.’s announcement the DOJ has closed its investigation, without condition, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for ARRIS’s proposed acquisition of Pace plc.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.