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Lattice Semiconductor (LSCC) Stock Soars as Canyon Bridge Acquires

NEW YORK (TheStreet) -- Shares of Lattice Semiconductor (LSCC) were surging 20.88% to $7.70 on heavy trading volume early Thursday morning after agreeing to be purchased by private-equity buyout firm Canyon Bridge Capital Partners for $1.3 billion including debt.

The offer of $8.30 per share in cash represents a 30% premium to Lattice Semiconductor's Wednesday closing price of $6.37.