- News
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.
Microsemi agrees to acquire Vitesse for $389m
©2006-2020
Juno Publishing and Media Solutions Ltd. All rights reserved. Semiconductor
Today and the editorial material contained within it and related media is
the copyright of Juno Publishing and Media Solutions Ltd. Reproduction in
whole or part without permission from Juno Publishing and Media Solutions
Ltd is forbidden. In most cases, permission will be granted, if the magazine
and publisher are acknowledged.