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PLX Technology, AŞ Message Board

  • imadeadcat imadeadcat Jun 24, 2014 9:53 AM Flag

    How does the FTC feel, now??

    They banned the merger with IDTI at ~$7 a share (versus current $6.50) in December of 2012, on antitrust grounds when only 25% of the business is in the U.S. Since then IDTI has essentially removed itself from the market. This fall PLXT will be gobbled up by a Singapore based company... along with all the technology. The jobs will stay for awhile but 3 years from now, don't you think most of them will be gone? I love my government. A great result for America???? My bet is that the FTC doesn't care a whit. Other opinions???

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