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Microsemi tops Skyworks bid for PMC-Sierra
2015-10-19 13:27:00| Telecompaper Headlines
(Telecompaper) Microsemi has emerged as a new bidder to acquire PMC-Sierra, besting an agreed offer from Skyworks for the struggling chipmaker. Microsemi's offer of mostly cash and shares values PMC-Sierra at USD 11.50 per share, a 50 percent premium on its share price prior to the deal with SkyWorks announced less than two weeks ago. This tops Skyworks' agreed offer of USD 10.50 per share, all in cash. Microsemi is offering USD 8.75 in cash and the remainder in its own common shares, valuing PMC-Sierra in total at USD 2.4 billion. The company said the stock element will give PMC-Sierra shareholders the opportunity to benefit also from the longer-term synergies of the merged group. PMC's shareholders would own around 15 percent of the combined company if the deal goes ahead. The other conditions of Microsemi's offer, conveyed in a letter to PMC-Sierra's board, are "substantially the same" as the Skyworks bid, it said.
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Skyworks Solutions to Buy PMC-Sierra (PMCS) - Mergers & Aquisitions Call Transcript
2015-10-07 00:30:55| Electronics - Topix.net
Ladies and gentlemen, thank you for standing by. Good morning, and welcome to the Skyworks Solutions Acquisition Announcement Conference Call.
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transcript
Skyworks Solutions to Buy PMC-Sierra (PMCS) - Mergers & Aquisitions Call Transcript
2015-10-06 23:34:44| Semiconductors - Topix.net
Ladies and gentlemen, thank you for standing by. Good morning, and welcome to the Skyworks Solutions Acquisition Announcement Conference Call.
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transcript
Skyworks to Acquire PMC-Sierra for $2 Billion in Cash
2015-10-06 22:29:26| Electronics - Topix.net
WOBURN, Mass. & SUNNYVALE, Calif.-- October 05, 2015 --Skyworks Solutions, Inc. , an innovator of high performance analog semiconductors connecting people, places and things, and PMC-Sierra, Inc. , a semiconductor and software solutions leader in storage, optical and mobile networks, today announced a definitive agreement under which Skyworks will acquire PMC for $10.50 per share in an all-cash transaction valued at approximately $2 billion.
What Do Hedge Funds Have to Say about the Upcoming Merger between PMC-Sierra and Skyworks Solutions?
2015-10-06 17:29:27| Semiconductors - Topix.net
Sierra Inc and Skyworks Solutions Inc are in the spotlight after Skyworks Solutions agreed to acquire PMC-Sierra for $10.50 per share in cash in a transaction valued at $2 billion. The transaction will strengthen Skyworks' status as an RF, analog, and mixed signal semiconductor leader and will greatly expand the company's customer base and product portfolio.
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