Microsemi Corp./Actel Corp.
On October 4, 2010, Microsemi Corporation (Nasdaq: MSCC) announced that it entered into a definitive agreement to for a $430 million acquisition of Actel Corporation (Nasdaq: ACTL). Consideration on the deal is $20.88 per share.
Based on current assumptions, Microsemi expects the acquisition to be $0.22 to $0.28 accretive in FY11 EPS.
The transaction is expected to close Q111.
Stifel Nicolaus Weisel is acting as financial advisor to Microsemi in the acquisition and its legal advisor is O'Melveny & Myers LLP. Additional financial advisory services were provided to Microsemi by Oppenheimer & Co. Inc.
Goldman, Sachs & Co. is acting as financial advisor to Actel and its legal advisor is Wilson Sonsini Goodrich & Rosati, PC.
Based on current assumptions, Microsemi expects the acquisition to be $0.22 to $0.28 accretive in FY11 EPS.
The transaction is expected to close Q111.
Stifel Nicolaus Weisel is acting as financial advisor to Microsemi in the acquisition and its legal advisor is O'Melveny & Myers LLP. Additional financial advisory services were provided to Microsemi by Oppenheimer & Co. Inc.
Goldman, Sachs & Co. is acting as financial advisor to Actel and its legal advisor is Wilson Sonsini Goodrich & Rosati, PC.
