|Are you aware SIMO is in the process of being acquired by MXL for $93.50 cash plus 0.388 shares of MXL?|
I would think that since most of SIMO's value (assuming that deal goes through) is cash, fixed cash ($93), that technical trading and profit valuation analysis goes out the window.
All that really matter is deal or no deal?
SIMO shareholder vote is on Aug 31st. If approved, then the obstacle is Chinese regulatory approval (expected about H1 2023, perhaps earlier, perhaps later). If SIMO gets the Yes vote and the approval, the deal will go through about 3 days later.
The value of SIMO in the deal is about $109 today.
Also, while SIMO's corporate headquarters is in Hong Kong, it is incorporated in Cayman Islands, and the vast majority (90% probably) of it's operations are in Taiwan.
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