PMC Sierra Gets Revised Offer From Microsemi
Sunnyvale-based semiconductor developer PMC Sierra said late Friday evening that it had received a revised, unsolicited offer from Microsemi, bumping the offer from Microsemi to approximately $11.88 per share in cash and stock. PMC Sierra has already agreed to be acquired by Skyworks Solutions for $11.60 in cash. According to PMC Sierra on Friday, it found Microsemi's prior offer of cash and stock for the company to not be a "superior proposal" from Skyworks' offer, since Microsemi's prior offer was for cash and stock, adding uncertainty to the ultimate deal price for the company.
posted on Monday, November 2, 2015
Related companies:
PMC Global
Related stories:
> Microsemi Lobs In Competing Bid For PMC-Sierra, Worth $2.4 Billion
> PMC-Sierra Acquired By Microsemi For $2.5 Billion
> PMC-Sierra: Skyworks Deal Better In Light Of Geopolitical Events
> HP Responds To Dell, Ups Offer For 3Par To $1.8 Billion
> NetApp Bumps Offer For Data Domain
silicontap.com Home