Hello World!
The name says is it all
Hello World! was originally published on Raj Yadav
Microsemi Offers $2.2 Billion for PMC-Sierra, Looking to Best Skyworks Deal
Two weeks after PMC-Sierra Inc. struck a deal to be acquired by Skyworks SolutionsInc., Microsemi Corp. swooped in with its own offer Monday, a cash-and-stock deal valued at about $2.2 billion.
California-based Microsemi said that its proposal would amount to $11.50 per PMC share, and is superior to the Skyworks offer of $10.50 a share in cash for semiconductor and software-solutions developer PMC.
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In early trading, shares of PMC jumped 14% to $11.69, while shares of Microsemi declined by 2.9% to $36.28. Skyworks shares were down by about 0.4% to $79.26.
Under the terms of Microsemi’s proposal, PMC shareholders will receive $8.75 in cash and 0.0736 of a share of Microsemi stock for each share of PMC held.
The boards of both Skyworks and PMC have approved Skyworks’ deal, which was expected to close in the first half of 2016.
Skyworks said the acquisition is aimed at boosting the company’s products geared to handling a growing class of computing chores known by the phrase Big Data. Following the deal, Skyworks said it expects annual revenue of more than $4 billion with operating margins exceeding 40%.
The Woburn, Mass.-based Skyworks, which generates a big chunk of its revenue from China, has been battered lately as concerns over growth in China have intensified.
Microsemi Offers $2.2 Billion for PMC-Sierra, Looking to Best Skyworks Deal was originally published on Raj Yadav
Stephen Colbert the Late Show
Photos of the Day: Tech News
These are the movers and shakers of the day
1. Google.
Tech no. 1
2. Tumblr
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3. FaceBook
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4. Uber All
Google Rebuffs European Union on Antitrust Charges
Google Inc. on Thursday rebuffed the European Union’s demand that it change the way it ranks online comparison-shopping services in its search results, setting up a potentially drawn-out legal battle between the search giant and a regulator empowered to levy billions of euros in fines.
In a formal response Thursday to antitrust charges the EU filed this spring against the California company, Google argued the bloc’s antitrust regulators erred in their analysis of the fast-changing online-shopping business, misconstrued Google’s impact on rival shopping-comparison services, and failed to provide sufficient legal justification for its demands.
This is a new kind of company
Is The Bitcoin Community Facing an Existential Split?
Crossing Our Desk:
- Over the weekend, a new version of bitcoin’s software was released, Bitcoin XT. It’s a line in the sand – a “hard fork” in the parlance – and an attempt to force the bitcoin community into accepting chan
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