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Microsemi sees off Skyworks to win PMC-Sierra

Microsemi sees off Skyworks to win PMC-Sierra

Business news |
By eeNews Europe



Previous bidder Skyworks Solutions Inc. (Woburn, Mass.) has announced that its agreement to acquire PMC-Sierra has been terminated and that it is entitled to an $88.5 million termination fee from PMC.

Mixed-signal chip company Microsemi said it will acquire PMC for approximately $2.5 billion in a deal that is a mix of cash and shares.

“We are pleased PMC has accepted our compelling strategic offer, which clearly benefits shareholders of both Microsemi and PMC. We can now shift our focus to realizing the significant synergies identified during our comprehensive analysis,” said James Peterson, Microsemi’s chairman and CEO, in a statement. 

Related links and articles:

www.microsemi.com

www.pmcs.com

News articles:

Microsemi bids $2.2 billion for PMC-Sierra

Skyworks to buy PMC-Sierra for $2 billion

Implantable RF module is only 5.5×4.5×1.5mm

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