Dialog being sold as Apple transitions to its own power management chips

Dialog is being sold to a Japanese chipmaker in what the company has described as a ‘compelling opportunity’ for its shareholders. The company has historically depended on Apple orders for power management chips for three-quarters of its sales, but has been working hard on moving into new markets as this business came under threat.

The deal was struck at a 20% premium over the company’s share price at Friday’s closing, and is being unanimously recommended by Dialog’s directors …

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