Microsemi tops Skyworks' offer for PMC as bidding war intensifies

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Go back to Microsemi tops Skyworks' offer for PMC as bidding war intensifies

Skyworks Solutions (SWKS) on Watch as Microsemi Tops PMC-Sierra (PMCS) Bid

October 30, 2015 12:38 PM EDT

Skyworks Solutions (NASDAQ: SWKS) is on watch as Microsemi (Nasdaq: MSCC) announced that it has increased its proposal to acquire PMC-Sierra, Inc (Nasdaq: PMCS) to about $11.88 per share in cash.

Skyworks had bid $11.60 per share for PMCS ahead of the opening bell Friday.

Shares of Skyworks are up 2.6 percent.

... More

Microsemi (MSCC) Lifts Offer for PMC-Sierra (PMCS) to $11.88/Share in Cash

October 30, 2015 12:34 PM EDT

Microsemi (Nasdaq: MSCC) announced that it has increased its proposal to acquire PMC-Sierra, Inc (Nasdaq: PMCS) in a cash and stock transaction. Under the terms of Microsemi's proposal, PMC shareholders will receive $9.04 in cash and 0.0771x of a Microsemi common share for each PMC... More