Microsemi Wins $2.5 Billion Bidding War for PMC-Sierra
Microsemi and PMC-Sierra announced that the companies have entered into a $2.5 billion definitive agreement under which Microsemi will acquire PMC-Sierra for $9.22 in cash and 0.0771 per share of Microsemi common stock for each share in PMC stock. The deal represents a solid 77.4 percent premium over PMC’s closing stock price on September 30, […]
