C-Cube Rockets 63.1% on Buyout
C-Cube (CUBE - Get Report) , designers of semiconductors and software for digital video applications, was up 63.1% in preopen Island trading on news that chipmaker LSI Logic (LSI) will acquire the company for $878 million in stock.
Each share of C-Cube will be worth 0.79 shares of LSI. In preopen Instinet trading, LSI was down 4.8% to $19.70.
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