Friday, March 2, 2018

Microsemi Acquired By Microchip Technology For $8.35 Billion

Aliso Viejo-based semiconductor maker Microsemi is being acquired by fellow chip maker Microchip Technology, in a deal worth a massive, $8.35 billion, the two said on Thursday. According to the two, Microchip will pay $68.78 per share in cash for Microsemi, in a deal which will have a total enterprise value of about $10.15 billion after accounting for Microsemi's cash and investments, net of debt. The two did not say how the acquisition will affect Microsemi's large workforce in Orange County.

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