Sigma Designs Inc. (Nasdaq: SIGM) will sell its Z-Wave business to Silicon Laboratories Inc. (Nasdaq: SLAB) then initiate a plan of liquidation. Shares of Sigma Designs fell $1.05 to close at $5.95 while Silicon Labs stock dropped $1.50 to close at $98.30.
Sigma Designs sells unit to Silicon Labs
January 24, 2018 at 16:29 PM EST