PMC-Sierra: Skyworks Deal Better In Light Of Geopolitical Events
Sunnyvale-based PMC-Sierra said Monday morning that, under advice of its financial advisors and outside legal counsel, it is reiterating its commitment to the original offer by Skyworks Solutions to acquire the company, in a deal worth $11.60 in cash per share. PMC-Sierra said the move came both due to
recent stock market volatility exacerbated by recent geopolitical events. Microsemi had put forward a competing offer of
$9.04 in cash and 0.0771 of a share of Microsemi common stock for each share of PMC common stock. PMC-Sierra said it believes there is "more value certainty" to going with Skyworks' offer.
posted on Monday, November 16, 2015
Related stories:
> PMC-Sierra Acquired By Skyworks For $2 Billion
> PMC-Sierra Acquired By Microsemi For $2.5 Billion
> Microsemi Lobs In Competing Bid For PMC-Sierra, Worth $2.4 Billion
> PMC Sierra Gets Revised Offer From Microsemi
> PMC-Sierra Names CEO
silicontap.com Home