Microchip to buy Microsemi

Microchip is to buy Microsemi for $8.35 billion.

Microsemi, which has been on an acquisition spree of its own, has been looking for a buyer for some time.

The price is a out 7% more than the Microsemi market cap before the deal was announced.

For Microchip the attraction is Microsemi’s military and aerospace customer base.

Savings of $300 million are expected in the third year after the deal closes.

 


Leave a Reply

Your email address will not be published. Required fields are marked *

*