Actel-Microsemi: Is It Rational?
October 13, 2010
So what's with Actel-Microsemi?
Here in Silicon Valley this week I found a lot of people were wondering why Microsemi, a military supplier, would want Actel.
First reason was Microsemi got it cheap. Purchase price for Actel's $200 million of annual revenues was $430 million net of Actel's $160 million cash. The per share acquisition price of about $21 compares favourably to the pre-bid share price of about $16.
To read the full article, click here
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