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Chipmaker Diodes to buy Pericom in $400 million deal

September 3, 2015 9:21 AM EDT

(Reuters) - Chipmaker Diodes Inc (NASDAQ: DIOD) said it would buy Pericom Semiconductor Corp (NASDAQ: PSEM) in a deal valued at about $400 million to boost its analog and mixed-signal chip businesses.

Pericom shares jumped 37.4 percent to... More

Diodes (DIOD) to Acquire Pericom Semi (PSEM) in $400M Cash Deal

September 3, 2015 9:01 AM EDT

(Updated - September 3, 2015 9:03 AM EDT)

Diodes (NASDAQ: DIOD) and Pericom Semiconductor Corporation (NASDAQ: PSEM)announced that Diodes Incorporated and Pericom have entered into an Agreement and Plan of Merger that provides for the acquisition of Pericom by Diodes.

Highlights of the transaction include:

Combined trailing twelve months ("TTM") reported revenue of approximately $1.0 billion and gross profit of approximately $337 million;Expected to be immediately accretive to Diodes' GAAP earnings per share;Strengthens Diodes' analog product offering and adds an extensive mixed-signal connectivity... More