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Created February 27, 2017

Integrated Device Technology (IDT) and GigPeak have signed an agreement for IDT to acquire GigPeak for a total cash consideration of $3.08 per share, valuing the deal at approximately $250 million. The acquisition of GigPeak will provide IDT with a highly regarded optical interconnect product and technology business that is complementary to IDT’s leadership position in real-time interconnect products.

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