Silicon Motion – MaxLinear Deal Witnesses Major Spread Changes – Merger Arbitrage Mondays

Key Highlights

• Silicon Motion expresses its intention to ensure the enforcement of the deal agreement with MaxLinear.
• Reata Pharmaceuticals (RETA) to be acquired by Biogen (BIIB) for $7.3 billion.
• Amazon (AMZN) and iRobot (IRBT) amend the existing terms of their merger agreement.

Silicon Motion (SIMO)

Silicon Motion and MaxLinear (MXL) announced their merger agreement over a year ago on May 5, 2022. Since announcement, the deal has often found itself in the top 10 list on our Merger Arbitrage Tool, primarily on account of the fact that the deal is a cross-border semiconductor deal that needed approval from China.

The spread on the deal saw significant changes last week, after the Chinese regulator approved the merger but on the same day MaxLinear attempt to walk away from the deal.

Only plus or premium subscribers can access this post. Subscribe today.