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8 April 2015

Microsemi announces expiration of HSR waiting period for Vitesse tender offer

Microsemi Corp of Aliso Viejo, CA, USA (which designs and makes analog and RF devices, mixed-signal integrated circuits and subsystems for communications, defense & security, aerospace and industrial markets) has announced the expiration, on 7 April, of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) applicable to its proposed acquisition of Vitesse Semiconductor Corp of Camarillo, CA, USA through its subsidiary LLIU100 Acquisition Corp.

On 31 March, LLIU100 Acquisition Corp commenced a cash tender offer to acquire all of the outstanding shares of Vitesse's common stock for $5.28 per share. The expiration of the HSR Act waiting period satisfies one of the conditions of the tender offer.

Completion of the tender offer remains subject to certain other conditions, as described in the tender offer statement filed by Microsemi on 31 March.

See related items:

Microsemi agrees to acquire Vitesse for $389m

Tags: Microsemi Vitesse

Visit: www.vitesse.com

Visit: www.microsemi.com

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