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A boardroom brawl just resulted in the ouster of Semtech's CEO -- one day after the company reported a big net loss.
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Annaly Capital Management (NLY) closed the most recent trading day at $8.44, moving -0.35% from the previous trading session. Annaly Capital Management (NLY) Stock Sinks As Market Gains: What You ...
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In 2004, the company acquired Fixed Income Discount Advisory, an investment adviser, for $40.5 million in stock. [6] In October 2012, co-founder Wellington Denahan became CEO after Michael Farrell was diagnosed with cancer; Farrell died that month. [4] [7] [8] In 2013, the company acquired CreXus Investment for $996 million. [9] [10]
Annaly Capital Management (NLY) closed the most recent trading day at $9.89, moving -0.1% from the previous trading session.
In December 1999, Semtech bought USAR Systems Inc., a maker of embedded devices for handheld and notebook computers, for $26.7 million in stock. [ 18 ] [ 19 ] In March 2012, it bought Gennum Corporation, a supplier of high-speed analog semiconductors, for approximately CA$500 million ( US$494 million). [ 20 ]
The firm once traded on the Toronto Stock Exchange (SEM.A and SEM.B). It was renamed Semi-Tech Corporation in 1994 as it diversified into consumer products. The company had bad bonds and millions of dollars of Canadian shareholders were burned. By late 1999, the company had just $600,000 in cash and unpaid debts of $650 million. [4]