Federal antitrust regulators have declined to review the proposed $489 million acquisition of Camarillo’s Vitesse Semiconductor by Orange County competitor Microsemi Corp.
A 15-day waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 before a deal can close expired on Tuesday without the Federal Trade Commission or antitrust division of the Justice Department making any move to block the merger.
Microsemi, in Aliso Viejo, announced March 18 it would acquire Vitesse in an all-cash transaction valued at $5.28 a share. The deal is expected to close before June 28.
Vitesse supplies integrated circuits for the telecommunications carriers, Internet providers and corporations. Microsemi supplies integrated circuits to telecommunications, defense, security, aerospace and industrial markets.
Full Content: Semiconductor Today
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Japan’s Prime Minister Criticizes US Block on Nippon Steel-US Steel Deal
Feb 17, 2025 by
CPI
UAE Cabinet Announces New Merger Control Filing Thresholds Effective March 2025
Feb 17, 2025 by
CPI
UK Regulator Warns Topps Tiles Acquisition Could Hurt Competition
Feb 17, 2025 by
CPI
FTC Chair Andrew Ferguson Backs Trump’s Authority to Remove Commissioners
Feb 17, 2025 by
CPI
South Korea Suspends Downloads of Chinese AI App DeepSeek Over Data Privacy Concerns
Feb 17, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon