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Integrated Device Technology (IDT) entered into a definitive agreement to acquire GigPeak through a tender offer at $3.08 per share in cash.
“Integrated Device Technology, Inc. ... entered into a definitive Agreement and Plan of Merger ... to acquire all of the outstanding shares of GigPeak’s common stock ... at a price of $3.08 per share in cash.”sec.gov
Summarized from public sources; check the original articles before acting on it.