08:59 AM EDT, 09/30/2024 (MT Newswires) -- Technology stocks were leaning lower premarket Monday as the Technology Select Sector SPDR Fund ( XLK ) was down 0.5% and the SPDR S&P Semiconductor ETF ( XSD ) fell by 0.7% recently.

Emcore ( EMKR ) shares surged by 100% after Mobix Labs ( MOBX ) said it has submitted a non-binding cash offer to acquire Emcore ( EMKR ) shares for $3.80 apiece.

TTEC Holdings ( TTEC ) shares rose by over 40% after the company said its board had received an unsolicited proposal from founder and CEO Kenneth Tuchman to take the company private at a purchase price of $6.85 per share.

Gilat Satellite Networks ( GILT ) shares were up more than 1% after the company said it secured a "multi-million" contract extension to continue providing services to a satellite operator in the Asia Pacific region for another 12 months.