Dialog in negotiations for a merger with Synaptics, reports Bloomberg


© Reuters. DIALOG IN NEGOTIATIONS FOR A MERGER WITH SYNAPTICS, REPORTS BLOOMBERG

FRANKFURT (Reuters) – Dialog Semiconductor is in preliminary negotiations with a view to a possible merger with the american expert of a touchpad (“touchpad”) Synaptics, reported Bloomberg on Friday, citing sources close to the matter.

The German has a stock market valuation of around 1.15 billion euros), while that of Synaptics, whose shares have jumped 15% after the publication of the information, and is assessed at $ 1.6 billion (1.36 billion euros).

Dialog and Synaptics declined to comment.

Any operation of this type would have the benefit of making Dialog Semiconductor is less dependent of the orders from Apple (NASDAQ:AAPL). Analysts estimate that the Dialog takes more than half of its sales orders from Apple.

The title Dialog has lost almost 20% of its value since the beginning of the month after announcing that Apple does provide more only with him for his chips to energy management for one of its three new iPhones.

(Maria Sheaham, with Sonam Rai, Juliette Rouillon for the French service)

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