Semiconductors M&A » By The Online Investor Staff, updated Sun., Apr. 11, 9:21 AM
Recent mergers and acquisitions in the Semiconductors M&A category.
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Slide #42. Microsemi Corporation — Symmetricom, Inc.
Acquirer:
Microsemi Corporation (MSCC)
Acquiree:
Symmetricom, Inc.
Details:
Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and Symmetricom, Inc. (Nasdaq: SYMM), a worldwide leader in precision time and frequency technologies, announced today that they have entered into a definitive agreement to acquire Symmetricom, Inc. for $7.18 per share through a cash tender offer, representing a premium of 49 percent based on the average closing price of Symmetricom's shares of common stock during the 90 trading days ended Oct. 18, 2013. The board of directors of Symmetricom unanimously recommends that Symmetricom's stockholders tender their shares in the tender offer. The total transaction value is approximately $230 million, net of Symmetricom's projected cash balance at closing.
Microsemi designs, manufactures and markets analog and mixed-signal semiconductor solutions. Co. provides a portfolio of semiconductor and system solutions. Products include radiation-hardened analog mixed-signal integrated circuits, field programmable gate arrays, system on chip solutions and application-specific integrated circuits; power management products; time solutions; voice processing devices; radio frequency solutions; discrete components; enterprise storage and communication solutions; security technologies; Ethernet solutions; Power-over-Ethernet integrated circuits and midspans; as well as custom design capabilities and services.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
