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Actionable news in SYNA: Synaptics Incorporated,

Here’s Why Synaptics (SYNA) Stock is Jumping Today

NEW YORK (TheStreet) -- Shares of Synaptics (SYNA - Get Report) are gaining by 9.67% to $89.12 on heavy trading volume late Thursday morning, as the company is still in active talks with a state-backed Chinese investment group on a deal that values it at about $110 per share, according to sources cited by Bloomberg.

The San Jose, CA-based touch-screen technology maker is aiming to announce a deal by the end of the month when it posts earnings, the sources added.

The Chinese investment group, whose investors include a BOE Technology Group Co.-backed fund, is still discussing the price, which could be a few dollars above or below $110 per share, a source told Bloomberg.

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