Microsemi (MSCC) to Acquire PMC-Sierra (PMCS) in ~$2.5B Deal
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Microsemi Corporation Enters Definitive Agreement to Acquire PMC-Sierra, Inc.
November 24, 2015 7:00 AM ESTALISO VIEJO, Calif. and SUNNYVALE, Calif., Nov. 24, 2015 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and PMC-Sierra, Inc. (PMC®) (Nasdaq: PMCS), a semiconductor and software solutions leader in storage, optical and mobile networks, today announced that they have entered into a definitive agreement under which Microsemi will acquire PMC for $9.22 in cash and 0.0771 of a share of Microsemi common stock for each share of PMC common stock through an exchange offer. The transaction is... More
