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Skyworks Solutions Drops PMC- Sierra Bid: Sorry To Say, You Ain't Worth That Much
2015-11-24 22:35:03| Electronics - Topix.net
Skyworks stepping away from PMC-Sierra shows the fiscal discipline and patience of management, gaining a substantial windfall of 88.5M to redeploy into future opportunities in order to diversify addressable markets. Down 30% from all time high, Skyworks has been unfairly pegged as a pure mobile company, with a strong correlation to Apple's performance, and continued fear of mobile market saturation.
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Skyworks Scraps Deal for PMC After Microsemi's Increased Bid
2015-11-24 14:23:24| Electronics - Topix.net
Skyworks Solutions Inc. withdrew its agreed takeover bid for PMC-Sierra Inc. after an increased offer of $2.3 billion from Microsemi Corp. gained the backing of the target's board, ending a month-long bidding contest for the maker of semiconductors for network drives. Skyworks said in a statement it won't modify its bid and that the company is entitled to a $88.5 million termination fee from PMC.
Skyworks Scraps Deal for PMC After Microsemi's Increased Bid
2015-11-24 14:21:46| Semiconductors - Topix.net
Skyworks Solutions Inc. withdrew its agreed takeover bid for PMC-Sierra Inc. after an increased offer of $2.3 billion from Microsemi Corp. gained the backing of the target's board, ending a month-long bidding contest for the maker of semiconductors for network drives. Skyworks said in a statement it won't modify its bid and that the company is entitled to a $88.5 million termination fee from PMC.
Biz Break: PMC-Sierra prefers Skyworks bid of $2.24 billion
2015-11-17 02:25:42| Electronics - Topix.net
Today: Sunnyvale-based PMC-Sierra said it will stick with an all-cash bid by Skyworks Solutions, spurning a cash-and-stock offer from Microsemi, a decision that apparently was driven, in part, by the terrorist attacks in Paris. Sunnyvale-based PMC-Sierra said it will stick with an all-cash bid by Skyworks Solutions, spurning a cash-and-stock offer from Microsemi, a decision that apparently was driven, in part, by the terrorist attacks in Paris.
Biz Break: PMC-Sierra prefers Skyworks bid of $2.24 billion
2015-11-17 00:52:40| Semiconductors - Topix.net
Today: Sunnyvale-based PMC-Sierra said it will stick with an all-cash bid by Skyworks Solutions, spurning a cash-and-stock offer from Microsemi, a decision that apparently was driven, in part, by the terrorist attacks in Paris. Sunnyvale-based PMC-Sierra said it will stick with an all-cash bid by Skyworks Solutions, spurning a cash-and-stock offer from Microsemi, a decision that apparently was driven, in part, by the terrorist attacks in Paris.
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