Ron Burgundy Posted November 18, 2015 Share Posted November 18, 2015 (Reuters) - Chipmaker Microsemi Corp on Wednesday raised its offer to buy PMC-Sierra Inc again, two days after PMC-Sierra said it deemed Skyworks Solutions Inc's proposal superior to Microsemi's previous bid. Microsemi's new offer values PMC-Sierra at $12.05 per share – $9.22 in cash and 0.0771 in stock – and has an implied enterprise value of $2.3 billion, net of PMC's cash balance, the company said. Microsemi had on Oct. 30 hiked its offer to buy PMC-Sierra, topping a bid from Skyworks, as the bidding war to buy the chip-equipment maker escalated. ... View the full article Quote Link to comment Share on other sites More sharing options...
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