Synaptics to acquire rights to broadcom's wireless iot connectivity business

Synaptics to acquire rights to broadcom’s wireless iot connectivity business.synaptics inc - deal for approximately $250 million in an all-cash transaction.synaptics inc - expects transaction to add approximately $65 million in current annualized sales.synaptics inc - transaction is expected to be immediately accretive to synaptics' non-gaap gross margins and non-gaap earnings post-close.synaptics inc - transaction has been approved by board.synaptics inc - expects to finance transaction from its existing on-hand cash balance.synaptics inc - deal is not subject to any financing conditions.synaptics inc - will acquire certain assets and manufacturing rights associated with wireless iot business of broadcom.
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