Microsemi (MSCC) buys integrated circuit manufacturer Actel (ACTL) for ~$430M to expand in the...

|About: Microsemi Corporation (MSCC)|By:, SA News Editor

Microsemi (MSCC) buys integrated circuit manufacturer Actel (ACTL) for ~$430M to expand in the defense and aerospace market. The $20.88/share deal is a 30% premium to Actel's Friday close, and is expected to add $0.22-0.28 per share to Microsemi's 2011 earnings. ACTL +28% to $20.50. (PR)