Dow Jones Newswires: Sierra Wireless shares surge following $1.2 billion buyout deal with Semtech

This article was originally published on MarketWatch

Internet of Things solutions provider Sierra Wireless Inc. shares rose 6.8% to $30.05 in after-hours trading Tuesday after semiconductor manufacturer Semtech Corp. said it will acquire all of Sierra’s outstanding shares for about $1.2 billion in an all-cash deal.