M/A-COM Technology to acquire Mindspeed Technologies for $5.05/share

|About: Mindspeed Technologies, Inc. (MSPD)|By:, SA News Editor

Mindspeed Technologies (MSPD) has agreed to be acquired by M/A-COM Technology Solutions (MTSI) for $5.05/share in cash, a 70% premium to today's close. The transaction values MSPD at $272M.

Mindspeed is also in "advanced discussions" with a strategic acquirer for its wireless business and "expects to continue those efforts in the coming weeks."