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Skyworks to Acquire PMC-Sierra for $2 Billion
2015-10-06 15:23:20| Semiconductors - Topix.net
Skyworks Solutions, a chip supplier for Apple., has agreed to buy PMC-Sierra in a $2 billion all-cash deal, as the semiconductor company seeks to strengthen its market position. Skyworks said it would pay $10.50 a share for semiconductor and software-solution developer PMC, a 37% premium to PMC's closing price of $7.69 on Monday.
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Skyworks to acquire PMC-Sierra for $2B
2015-10-06 12:09:20| Electronics - Topix.net
Skyworks Solutions has agreed to buy PMC-Sierra for $2B in cash to expand its portfolio, customer base and end market applications. PMC shareholders will get $10.50 per share, representing a 37% premium to the stock's closing price of $7.69 on Monday.
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Skyworks agrees to buy PMC-Sierra for USD 2 billion
2015-10-06 09:17:00| Telecompaper Headlines
(Telecompaper) Semiconductor company Skyworks Solutions has announced a definitive agreement to acquire semiconductor and software company PMC-Sierrra for USD 10.50 per share in an all-cash transaction valued at approximately USD 2 billion. The price represents a 37 premium on PMC's closing share price on 5 October. The operation will be funded with cash on hand and new debt financing. This acquisition solidifies Skyworks' position as a highly diversified analogue, RF and mixed signal semiconductor provider by significantly expanding its product portfolio, customer base and end market applications. The acquisition is expected to close in the first half of 2016, pending PMC shareholder approval, regulatory authorisation and customary closing conditions.
PMC-Sierra: An Acquisition Is Likely And The Stock Could Have Decent Upside
2015-10-05 23:34:02| Semiconductors - Topix.net
Chipmaker PMC-Sierra has reportedly hired a financial adviser for getting acquired, although the company didn't confirm the news. PMC-Sierra has hired a financial adviser for getting acquired by a company in the field in which it operates, reported Bloomberg.
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