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US: Semiconductor deal inked in California

 |  October 31, 2013

Microsemi Corporation announced an agreement with Symmetricom for a merger worth $230 million, reports say.

The semiconductor company will acquire the frequency and precision time firm following Symmetricom’s unanimous stockholder approval of the deal.

According to Microsemi CEO James J. Peterson, the merger will create “the largest and most complete timing portfolio in the industry today.”

The deal remains subject to regulatory clearance but the parties expect to close the deal by the end of the year.

Full content: GPS World

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