Craig-Hallum Downgrades Vitesse Semiconductor (VTSS) to Hold
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Microsemi Corporation to Acquire Vitesse Semiconductor Corporation
March 18, 2015 7:00 AM EDTALISO VIEJO, Calif. and CAMARILLO, Calif., March 18, 2015 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and Vitesse Semiconductor Corporation (Nasdaq: VTSS), jointly announced today that Microsemi has entered into a definitive agreement to acquire Vitesse for $5.28 per share through a cash tender offer, representing a premium of 32 percent based on the average closing price of Vitesse's shares of common stock during the 30 trading days ended March 17, 2015. The board of directors of Vitesse unanimously... More
