Tuesday, April 28, 2015

Microsemi Completes Acquisition of Vitesse

Aliso Viejo-based Microsemi said this morning that it has completed its tender offer for Camarillo-based Vitesse, and now expects its acquisition to complete later today. Microsemi had been offering $5.28 per share in cash for all of the outstanding stock of the semiconductor manufacturer, in a deal worth approximately $389M. Microsemi offers up a wide range of analog and mixed signal semiconductors; Vitesse was a manufacturer of many networking semiconductors and high speed components. Microsemi announced that it would buy Vitesse in March.

---