11/21/2023 0 Comments Kite pharma share priceIn a prepared statement, IXYS President and CEO Uzi Sasson said, "The combination of IXYS and Littelfuse creates a stronger player in the power semiconductor industry, with the ability to leverage our collective resources and portfolio to create increased value for our customers. They expect annualized cost savings of over $30 million and other synergies resulting from the combination. The companies see a number of compelling strategic and financial benefits from the merger, and IXYS will form the foundation of its semiconductor segment. The combined company will have a market cap of $4.6 billion and generate revenue of $1.5 billion. (NASDAQ: LFUS) in a cash-and-stock deal valued at $750 million. IXYS stock skyrocketed 40.4% higher following the announcement that the semiconductor company will be acquired by Littelfuse, Inc. Prior to the storm, the RV industry was already expecting its highest demand ever in 2017, with shipments up 9.6% compared to 2016. There were broad gains across the RV sector. The maker of recreational vehicles (RVs) will see increased demand, as residents in Houston and other parts of Texas and Louisiana will require makeshift housing following the devastating floods that hit the area. The majority of Thor's business comes from towable RVs, which will be sorely needed as residents seek temporary shelter, as the Category 4 storm may force more than 30,000 people from their homes. Shares of Thor Industries gained 5% in the wake of Hurricane Harvey's assault on the U.S.
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