Thursday, April 21, 2016

Microsemi Gets Early Approval On Divestment

Aliso Viejo-based Microsemi reports this morning that it has received an early termination of the waiting period of the Hart-Scott-Rodino Antitrust Act, of its $300M divestment of its board level systems and packacing business. Microsemi is selling that business to Mercury Systems, Inc., for $300M in cash. Microsemi said the deal still is subject to other, closing conditions.