Semiconductor ETFs Higher After Varian Deal
May 04, 2011 at 09:47 AM EDT
Exchange traded funds (ETFs) that invest in semiconductor stocks opened higher Wednesday after a deal for Varian Semiconductor Equipment (NasdaqGS: VSEA) that values the company at a 55% premium. Varian is a holding in semiconductor ETFs such as PowerShares Dynamic Semiconductors (NYSEArca: PSI),...