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Microchip Technology to buy Microsemi for about $8.35 billion
(Reuters) - Microchip Technology said on Thursday it had agreed to buy Microsemi Corp, the largest U.S. commercial supplier of military and aerospace semiconductor equipment, for about $8.35 billion.
Microchip’s offer of $68.78 per share in cash for Microsemi represents an about 7 percent premium to its closing price on Thursday.
Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel
Our Standards:The Thomson Reuters Trust Principles.
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