Silicon Motion stock falls after terminating its sale to MaxLinear

Silicon Motion (NASDAQ:SIMO) dropped 6.2% after it formally terminated its sale to MaxLinear (NASDAQ:MXL) after MXL said it was exiting the transaction last month. MXL rose 6.4%. Silicon Motion (SIMO) said it plans to pursue "substantial" damages in excess of the agreement's termination fee due to…#siliconmotion #maxlinear #siliconmotionsimo #singapore #timgardner #weilgotshalmanges
Source: Reuters: Health - Category: Consumer Health News Source Type: news