On Thursday, Shares of QUALCOMM, Inc. (NASDAQ:QCOM), lost -1.63% to $62.84.
Qualcomm Incorporated declared that its partner, Qualcomm Atheros, Inc., has reached a definitive merger agreement to acquire Ikanos Communications, Inc. (IKAN), a high performance broadband networking semiconductor and software provider enabling both central office and home gateway solutions. Following the agreement, Qualcomm Atheros, through a wholly-owned partner, will commence a tender offer to acquire all of the issued and outstanding shares of common stock of Ikanos for $2.75 per share in cash, and assume all outstanding indebtedness at the closing of the transaction.
The acquisition is intended to expand Qualcomm Atheros’ footprint in the carrier fixed line segment with the addition of high performance broadband access and modem technologies critical to enhancing users’ connected experiences in the home. The home gateway extends Qualcomm Atheros’ leadership in carrier Wi-Fi and wired connectivity, while providing a central hub for Internet of Everything (IoE) enabled devices, services and 3G/LTE small cells.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States.
Shares of Cliffs Natural Resources Inc (NYSE:CLF), inclined 8.68% to $2.88, during its last trading session.
Cliffs Natural Resources, stated second-quarter results for the period ended June 30, 2015. Second-quarter 2015 merged revenues of $498 million reduced 33 percent from the preceding year’s second quarter revenues of $748 million. Cost of goods sold reduced by 22 percent to $441 million contrast to $564 million stated in the second quarter of 2014.
For the second quarter of 2015, Cliffs recorded net income attributable to Cliffs’ common shareholders of $60 million, or $0.39 of earnings per diluted share, contrast to a net loss attributable to Cliffs’ common shareholders of $2 million, or $0.02 per diluted share recorded in the second quarter of 2014.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
Finally, LKQ Corporation (NASDAQ:LKQ), ended its last trade with -0.82% loss, and closed at $31.49.
LKQ Corporation (LKQ), declared that members of its senior administration will be presenting at the following investor conference:
J.P. Morgan Auto Conference 2015, August 11, 2015, J.P. Morgan Conference Center, New York.
LKQ Corporation, together with its auxiliaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in the United States, the United Kingdom, the Netherlands, Belgium, Northern France, Canada, Mexico, and Central America.
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