This morning, Goldman Sachs writes "On Tuesday after the close, Qualcomm announced it had completed the acquisition of Atheros for an enterprise value of $3.1 bn. The acquisition is expected to be modestly dilutive to EPS in FY2011 and modestly accretive in FY12, consistent with Qualcomm's original guidance issued on 1/5/2011."
Qualcomm QCOM closed yesterday at $56.31 and has a price target of $68 from Goldman. Atheros ATHR closed at $44.99.
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Posted In: M&AAnalyst RatingsatherosCommunications EquipmentGoldman SachsInformation TechnologyQualcommSemiconductors
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