Seeking Alpha

Microsemi acquires Symmetricom for $230M

  • Microsemi (MSCC) acquires timekeeping solutions provider Symmetricom (SYMM) for $7.18/share (a 51% premium to today's close) in a cash tender offer valuing the company at $230M.
  • Microsemi expects the acquisition to be accretive to FY2014 EPS by $0.22-$0.25.
 
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)