InvenSense Rallies on Buyout Rumors

Shares of InvenSense (NYSE: INVN) rallied almost 9% on Oct. 28 on reports that the chipmaker was exploring a potential sale. A Reuters report, citing unnamed sources, claimed that the company — which supplies motion sensors for the iPhone and other mobile devices — is reportedly in early talks to sell itself to Chinese or Japanese suitors. …read more

Read more here: InvenSense Rallies on Buyout Rumors

Category: INVN

Leave a Reply

%d bloggers like this: