Scalper1 News
Skyworks Solutions (SWKS) will buy data center chipmaker PMC-Sierra (PMCS) for $2 billion, following fellow Apple (AAPL) iPhone suppliers Avago Technologies (AVGO) and NXP Semiconductors (NXPI) in making acquisitions. Skyworks also gave strong early Q4 earnings. Skyworks announced late Monday that it will pay $10.50 a share in cash for PMC-Sierra, a 37% premium to Monday’s close at 7.69. Skyworks expects the deal to boost annual EPS by 75 cents. Scalper1 News
Scalper1 News