Lion Point Reaches Surprise Deal with Semtech

The activist hadn’t disclosed its investment in the semiconductor company before it reached the settlement.

Lion Point’s Didric Cederholm (Bloomberg/ Andrew Harrer)

Lion Point’s Didric Cederholm

(Bloomberg/ Andrew Harrer)

On Monday, activist hedge fund Lion Point Capital jointly announced a settlement with the Semtech Corporation. But until the deal was disclosed, there had been no public indication that Lion Point even held a position in, let alone was agitating for change at, Semtech, a semiconductor company that specializes in applications for the “Internet of Things.”

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.