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Micrel to acquire Discera

Micrel announced it has signed a definitive agreement to acquire the business of Discera, a leading provider of silicon timing solutions. The acquisition is intended to complement Micrel's high performance clock and timing products, as well as expand its MEMS capabilities. The transaction is expected to close in September. Micrel expects the acquisition will be slightly dilutive in 2013 and neutral to slightly accretive in 2014 on a GAAP basis.