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Microsemi Buys Vitesse Semiconductor For $389M

2015-03-18 16:17:51| Semiconductors - Topix.net

Aliso Viejo-based Microsemi and Camarillo-based Vitesse Semiconductor said this morning that Microsemi has agreed to buy Vitesse, in a deal worth $389M. The two said that Miicrosemi will pay $5.28 per share for Vitesse--a 32 percent premium to Vitesse's average closing price during the last 30 trading days--and will allow the companies to offer up a broader solution to the market.

Tags: buys semiconductor vitesse microsemi

Category:Electronics and Electrical

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