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Microsemi Bids $2.2 Billion for PMC-Sierra | EE Times
2015-10-24 02:24:18| Semiconductors - Topix.net
Microsemi Corp. has offered $11.50 per share to shareholders of PMC-Sierra Corp. as a mixture of stock and cash and trumping an offer from Skyworks Solutions made earlier this month. The Microsemi offer values PMC-Sierra, a developer and vendor of mixed-signal ICs for networking and storage applications, at $2.4 billion and will cost $2.2 billion net of cash assets held by PMC-Sierra.
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Category:Electronics and Electrical