Microsemi (MSCC) may abandon its hostile bid for Zarlink Semiconductor (ZLKKF.PK), now that...

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

Microsemi (MSCC) may abandon its hostile bid for Zarlink Semiconductor (ZLKKF.PK), now that Zarlink shares are trading 9% above Microsemi's offer price of C$3.35. Zarlink claims to be in talks with 15 interested parties about a buyout; analysts name INTC, TXN, and QCOM as potential suitors, given Zarlink's wireless medical chip technology.