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Chipmaker Microsemi Adds Vitesse in $389 Million Cash Deal

2015-03-18 18:21:51| Electronics - Topix.net

Terms of the deal call for Aliso Viejo, Calif.-based Microsemi to pay $5.28 in cash for each Vitesse share, a premium of 35.7% to the target's Tuesday close. The agreement gives Vitesse until April 7 to solicit superior proposals and gives Microsemi the right to match any superior proposal or receive a termination fee under certain circumstances.

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