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Synaptics Inc. (SYNA) Jumped On Merger Talks

Synaptics Inc. (SYNA) announced Tuesday that it is involved in discussions with Dialog Semiconductor regarding a potential merger.

Synaptics gapped open sharply higher Wednesday, but was range-bound throughout the session. The stock closed up by 5.62 at $54.46 on above average volume. Synaptics broke out to nearly an 11-month high.

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