POTENTIAL DEAL DETAILS
|Type||Company Seeking Strategic Alternatives|
|Date of Confirmation:||03/01/2018||Price at Confirmation:||$64.30|
|Potential Profit:||3.13%||Annualized Profit:||30.85%|
Microsemi (MSCC), the largest U.S. commercial supplier of military and aerospace semiconductor equipment, is exploring its options, including a possible sale, after it received a takeover approach, a person familiar with the matter said on Tuesday.
February 27, 2018: Microchip Technology Inc. (MCHP) is in advanced talks to buy Microsemi Corp.,(MSCC) according to people familiar with the matter, in what would be the latest in a wave of deals sweeping the semiconductor industry.
March 01, 2018: Microchip Technology Incorporated (MCHP) , a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, and Microsemi Corporation (MSCC) , a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced that the two companies have signed a definitive agreement pursuant to which Microchip will acquire Microsemi for $68.78 per share in cash.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.