04.20.20
Synaptics Incorporated successfully closed the previously announced transaction to divest its Asia-based, mobile LCD TDDI business to an affiliate of Hua Capital for $120 million in cash.
In addition to the purchase price, Synaptics expects to receive a cash payment for the on-hand specified business inventory, which is currently estimated to be valued at approximately $19.4 million.
Further details will be discussed during the company’s May 7 earnings call (2 p.m. Pacific).