Scalper1 News
Skyworks Solutions (SWKS) and PMC-Sierra (PMCS) terminated their $2 billion merger deal late Monday, after the Apple (AAPL) iPhone chip supplier said it would not raise its bid once again, clearing the field for Microsemi (MSCC) to be the acquirer. PMC-Sierra on Friday recommended Microsemi’s latest bid. With Skyworks unwilling to nudge up its offer, PMC-Sierra terminated the deal and will pay Skyworks an $88.5 million breakup fee. Skyworks Scalper1 News
Scalper1 News