Entropic Communications Inc. (Nasdaq: ENTR) widened
fourth quarter losses to 28 cents per share from 13 cents per share a
year earlier as revenue fell but the company announced that it
was being acquired by MaxLinear Inc. (NYSE: MXL) in a cash and stock
deal
valued at approximately $287 million. Shares of Entropic Communications
gained 35 cents to $3.05 while MaxLinear stock rose 35 cents to $8.87.
MaxLinear to buy Entropic Communications
February 04, 2015 at 12:35 PM EST