The Camarillo-based semiconductor company Semtech Corp. disclosed Aug. 2 that it 'has engaged in advanced discussions' regarding a possible $1.2 billion acquisition of Sierra Wireless, a Canadian company that makes components for the Internet of Things applications that Semtech also specializes in. Bloomberg first reported a potential deal on Aug. 1, and that day shares of Sierra shot up 19.4% to close at $29.70, just short of the $31 per share cited in Semtech's statement the following day. That statement said only that Semtech has been in talks with Sierra at a price of $31 per share, and that Semtech will not make any further announcements unless it enters into a binding agreement to buy Sierra.

https://www.pacbiztimes.com/2022/08/02/semtech-in-talks-to-buy-sierra-wireless-for-1-2b/

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