Why Tower Semiconductor Fell This Week
Shares of Tower Semiconductor (NASDAQ: TSEM) fell 11.3% this week through Thursday trading, according to data from S&P Global Market Intelligence.
Tower fell this week after it announced its pending acquisition by (NASDAQ: INTC) would be terminated, as neither party had received approval from Chinese authorities by the Aug. 15 termination date.
Despite Tower being set to receive a $353 million termination fee, the stock fell back to earth anyway, as Intel had offered the company a lofty $54 per share acquisition price -- a substantial premium over where Tower was trading before the February 2022 offer.
Source Fool.com
Intel Corp. Aktie
21,40 €
-0,19 %
Leichtes Buy-Übergewicht bei Intel Corp. mit 31 Buy- gegenüber 12 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Intel Corp. von 38 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 21.4 €.
