California Micro Surging on Offer (CAMD)

Posted in pre-market 
December 14th, 2009

California Micro Devices Corp. (NASDAQ: CAMD) is soaring this morning after ON Semiconductor announced an acquisition of California Micro Devices for $4.70 per Share in an all-cash tender offer.  Shares closed at $3.05 Friday and are trading up 48% at $4.54 at 7:48 AM EST.  The prior 52-week trading range was $1.48 to $3.32.

JON OGG

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