Scalper1 News
An apparent bidding war flared Monday when Microsemi (MSCC) submitted a $2.4 billion offer for PMC-Sierra (PMCS), topping Apple (AAPL) chip supplier Skyworks Solutions ‘ (SWKS) $2 billion proposal. PMC-Sierra stock soared 14% to near 12 in midday trading Monday on the stock market today. Microsemi offered to pay $11.50 per PMC share, representing a 50% premium to PMC’s closing price on Oct. 5, the last trading day before Skyworks’ bid was Scalper1 News
Scalper1 News