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Zarlink (ZLKKF.PK) says Microsemi's (MSCC) hostile bid for the company, announced yesterday, is...

Zarlink (ZLKKF.PK) says Microsemi's (MSCC) hostile bid for the company, announced yesterday, is too low. Though given the premium it assigns to Zarlink shares relative to their 7/19 closing price, many investors are likely to take Microsemi's offer. Microsemi shares hardly moved yesterday, suggesting the market is comfortable with the move.
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