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Synaptics to buy Conexant Systems and multimedia solutions business of Marvell Technology


Monday, 12 Jun 2017 04:25pm EDT 

June 12 (Reuters) - Synaptics Inc :Synaptics accelerates consumer iot strategy with acquisitions of conexant systems, llc and multimedia solutions business of marvell technology group.Synaptics inc says expects transaction to be accretive to its non-gaap earnings per share in first year following close.Synaptics inc says intends to fund transactions through a combination of cash and debt financing.Synaptics inc says also announced signing of a definitive agreement to acquire multimedia solutions business of marvell technology group.