1. Sour Grapes. IDTI has only $19 million in sales in the sector the FTC objected to as being monopolized. At that size IDTI may not see adequate returns and decide to quit the market for PCI e chips. So much for competition being enhanced by the government (FTC).
2. PLXT says they have cut costs by $20 million since the deal was announced. Those cost cuts may be enough to justify the current $3.70 stock price.
3. At just ~$120 million in sales and with but 200 employees PLXT is too small to justify remaining a listed company with compliance costs .... maybe $5 million plus a year. Ergo, PLXT is likely to be sold. To whom? When? PLXT may have to justify the increased efficiencies for a few quarters to prove efficiencies exist in order to generate a maximum return for their shareholders.