Atheros Communications Inc. (NASDAQ: ATHR) has been halted after a price-volume spike took shares through the roof. Reports are out that QUALCOMM Incorporated (NASDAQ: QCOM) is in a deal to acquire Atheros for about $45.00 per share. Atheros develops semiconductor system solutions for communication products from personal to enterprise access levels.
The New York Times’ DealBook just reported on it.
Atheros was already up over the last 3 months but shares are back to trading around $43.50 on more than 4 million shares as of 3:12 PM EST… a gai of about 17.5%.