Microsemi Lobs In Competing Bid For PMC-Sierra, Worth $2.4 Billion
Sunnyvale-based PMC-Sierra, which announced a deal on October 5th to be acquired by Skyworks, has received a competing acquisition offer from another, semiconductor developer, Microsemi. According to Microsemi, it is offering to pay $11.50 per share in a combination of cash and stock for PMC-Sierra, which it says is a superior offer to the current, $10.50 per share in cash offer for PMC-Sierra from Skyworks. Microsemi says it will pay $8.75 in cash and 0.0736 of a share of Microsemi common stock for each share of PMC common stock in its offer. All of the companies involved develops optical and network switching semiconductors.
posted on Monday, October 19, 2015
Related companies:
Microsemi
Related stories:
> PMC-Sierra Acquired By Microsemi For $2.5 Billion
> PMC-Sierra: Skyworks Deal Better In Light Of Geopolitical Events
> PMC Sierra Gets Revised Offer From Microsemi
> PMC-Sierra Acquired By Skyworks For $2 Billion
> Actel Acquired By Microsemi
silicontap.com Home