Microsemi (MSCC -4.1%) has prevailed in its efforts to acquire Zarlink Semiconductor (ZLKKF.PK),...

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

Microsemi (MSCC -4.1%) has prevailed in its efforts to acquire Zarlink Semiconductor (ZLKKF.PK), after raising its offer price to CAD $3.98/share, 19% above a hostile bid price of CAD $3.35/share. Microsemi will pay for the $525M deal in cash, and expects it to be accretive to its FY12 EPS by $0.24-$0.26.