Microsemi

The transaction, which is expected to close in Microsemi's fiscal first quarter ending Jan. 2, 2011, has been unanimously approved by the boards of both companies.

Microsemi to Buy Rival Actel for $430 Million Melissa Korn 2010

The only significant update is the company is now worth at least $550 million, which is what a company called Microsemi Corp.

unknown title 2011

Actel is now known as Microsemi's SoC System-on-Chip Products

Electronic Products Presents Product of the Year Award to Microsemi for SmartFusion Intelligent Mixed Signal FPGAs - Yahoo! Finance 2011

Jan. 29, 2009 (GLOBE NEWSWIRE) -- The Governance and Nominating Committee and the Board of Directors of Microsemi Corporation ( "Microsemi" or the "Company") (Nasdaq: MSCC) have concluded their review of the academic credentials of Microsemi's President and Chief Executive Officer, James J. Peterson.

News 2009

Microsemi, which will start a cash tender offer, said it will pay $20.88 per share, which is a 30% premium to Actel's Friday closing price of $16.02.

Microsemi to Buy Rival Actel for $430 Million Melissa Korn 2010

Actel specializes in semiconductors called field programmable gate arrays, which are able to withstand high radiation, while Microsemi focuses on analog and integrated chips that help regulate power usage.

Microsemi to Buy Rival Actel for $430 Million Melissa Korn 2010

It joined a list of tech providers affected by the supply-chain disruption, including HDD rival Seagate Technology Inc., HDD component supplier Hutchinson Technology Inc. and chip maker and Microsemi Corp. The flood's impact also comes at a tough time for the companies, which saw disruption in the PC supply chain from an earthquake and tsunami in Japan earlier this year.

Thai Floods Shut Down Chip Plant 2011

Microsemi has had a run of acquisitions lately, snapping up software firm Arxan Defense Systems Inc. and radio frequency integrated circuit company VT Silicon in September.

Microsemi to Buy Rival Actel for $430 Million Melissa Korn 2010

The two companies have more than 80% customer overlap in the military, satellite and industrial markets, and Microsemi says the deal enables it to cross-sell more products and services to their customers.

Microsemi to Buy Rival Actel for $430 Million Melissa Korn 2010

Chip maker Microsemi Corp. agreed to acquire smaller rival to acquire Actel Corp. in a deal it valued at about $430 million, extending its reach in the aerospace and defense markets.

Microsemi to Buy Rival Actel for $430 Million Melissa Korn 2010