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

|About: Zarlink Semicond Pfd (ZLKKF)|By:, SA News Editor

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.