Microsemi (MSCC) to Acquire Additional Shares of Zarlink

October 25, 2011 7:16 AM EDT
Microsemi Corporation (Nasdaq: MSCC), reports that 0916753 B.C. ULC, an indirect wholly-owned subsidiary of Microsemi, has accepted the deposit of and will acquire an additional 2,223,193 Zarlink Semiconductor Inc. shares and CAD$6,706,000 principal amount of Zarlink convertible debentures.

Together with the Zarlink shares and Zarlink debentures taken up on Oct. 12, 2011, Microsemi will own 125,662,030 Zarlink shares, representing approximately 93 percent of Zarlink's outstanding shares, and CAD$61,123,000 principal amount of Zarlink convertible debentures, representing approximately 99 percent of Zarlink's outstanding debentures.

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