Pericom shareholders approve $17.75/share Diodes deal

• Pericom Semi (PSEM +1%) shareholders have approved Diodes' (DIOD +0.6%) $17.75/share ($413M), all-cash, offer to buy the serial connectivity IC maker.
• The approval comes two days after China's Montage Technology upped its offer for Pericom to $19/share. Pericom rejected the bid, declaring it "still suffers from the fundamental flaws and significant risks that plagued [Montage's] previous offers, including financing, regulatory and other risks that make Montage's ability to close a transaction."