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PMC Polarteknik-Fire Barrier Gangway Door Systems for Rail Vehicles
2016-01-15 11:08:00| Railway Technology
PMC Polarteknik (PMC) designs and supplies fire barrier gangway door systems for European high-speed and intercity trains.Automatic, fire barrier door systems for the rail sectorPMC's product range i...
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rail
Skyworks Solutions Drops PMC- Sierra Bid: Sorry To Say, You Ain't Worth That Much
2015-11-24 22:35:03| Electronics - Topix.net
Skyworks stepping away from PMC-Sierra shows the fiscal discipline and patience of management, gaining a substantial windfall of 88.5M to redeploy into future opportunities in order to diversify addressable markets. Down 30% from all time high, Skyworks has been unfairly pegged as a pure mobile company, with a strong correlation to Apple's performance, and continued fear of mobile market saturation.
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Skyworks Scraps Deal for PMC After Microsemi's Increased Bid
2015-11-24 14:23:24| Electronics - Topix.net
Skyworks Solutions Inc. withdrew its agreed takeover bid for PMC-Sierra Inc. after an increased offer of $2.3 billion from Microsemi Corp. gained the backing of the target's board, ending a month-long bidding contest for the maker of semiconductors for network drives. Skyworks said in a statement it won't modify its bid and that the company is entitled to a $88.5 million termination fee from PMC.
Skyworks Scraps Deal for PMC After Microsemi's Increased Bid
2015-11-24 14:21:46| Semiconductors - Topix.net
Skyworks Solutions Inc. withdrew its agreed takeover bid for PMC-Sierra Inc. after an increased offer of $2.3 billion from Microsemi Corp. gained the backing of the target's board, ending a month-long bidding contest for the maker of semiconductors for network drives. Skyworks said in a statement it won't modify its bid and that the company is entitled to a $88.5 million termination fee from PMC.
PMC sticks with all-cash bid from Skyworks
2015-11-16 15:19:00| Telecompaper Headlines
(Telecompaper) Chipmaker Microsemi gave PMC-Sierra three working days to decide whether its reiterated offer was better than a rival bid from Skyworks and now has its answer. PMC's board has unanimously determined, after receiving the advice of financial advisors and legal counsel, that the Microsemi proposal of 9 November is not superior to its existing agreement with Skyworks in light of stock market volatility exacerbated by recent geopolitical events. The board said Skyworks' all-cash proposal provides more value certainty to PMC stockholders than the stock-and-cash offer from Microsemi. Under the agreement, Skyworks will buy 100 percent of PMC for USD 11.60 per share. The PMC board continues to recommended Skyworks' restated merger agreement and recommends against the Microsemi proposal.