- PR Newswire•9 months ago
ALISO VIEJO, Calif., Jan. 15, 2016 /PRNewswire/ -- Microsemi Corporation (MSCC) ("Microsemi"), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, announced today that Microsemi's wholly-owned subsidiary Lois Acquisition Corp. successfully merged with and into PMC-Sierra, Inc. (PMCS) ("PMC"), completing Microsemi's acquisition of PMC. At the effective time of the merger, each outstanding share of PMC common stock (other than shares directly owned by PMC, Microsemi, Lois Acquisition Corp. or any other subsidiary of Microsemi and shares held by PMC stockholders that are entitled to and have properly demanded appraisal of such shares under Delaware law) was converted into the right to receive $9.22 in cash and 0.0771 shares of Microsemi common stock, together with cash in lieu of any fractional shares of Microsemi common stock, without interest and less any applicable withholding taxes, the same price received by PMC stockholders who validly tendered their shares in the related exchange offer.
- Business Wire•9 months ago
PMC-Sierra, Inc. , the semiconductor and software solutions innovator transforming networks that connect, move and store big data, will speak at the International Wireless Industry Consortium Interactive Technical Workshop, Evolving Transport Networks, Opportunities and Challenges for Wireless Fronthaul/Backhaul, January 12-14, 2016, at the Double Tree by Hilton in San Jose, California.
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