Microsemi Announces Expiration of HSR Waiting Period for Vitesse Tender Offer

ALISO VIEJO, Calif., April 8, 2015-Microsemi Corporation (Nasdaq:MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, announced the expiration, on April 7, 2015, of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act") applicable to its proposed acquisition of Vitesse Semiconductor Corporation (Nasdaq:VTSS) ("Vitesse") through its wholly-owned subsidiary LLIU100 Acquisition Corp.

As previously announced, on March 31, 2015, a wholly-owned subsidiary of Microsemi, LLIU100 Acquisition Corp., commenced a cash tender offer to acquire all of the outstanding shares of Vitesse's common stock for $5.28 per share. The expiration of the HSR Act waiting period satisfies one of the conditions of the tender offer. The completion of the tender offer remains subject to certain other conditions as described in the Tender Offer Statement on Schedule TO filed by Microsemi on March 31, 2015, as amended.

About Microsemi

Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets. Products include high-performance and radiation-hardened analog mixed-signal integrated circuits, FPGAs, SoCs and ASICs; power management products; timing and synchronization devices and precise time solutions, setting the world's standard for time; voice processing devices; RF solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet ICs and midspans; as well as custom design capabilities and services. Microsemi is headquartered in Aliso Viejo, Calif., and has approximately 3,400 employees globally. Learn more at www.microsemi.com.

Review Article Be the first to review this article

Featured Video
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Applications Engineer for intersil at Palm Bay, Florida
Design Verification Engineer for intersil at Morrisville, North Carolina
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, California
Upcoming Events
DATE '18: Design, Automation and Test in Europe at International Congress Center Dresden Ostra-Ufer 2 Dresden Germany - Mar 19 - 23, 2018
SemIsrael Technology Week 2018 at Camilo (Green House) Tel Aviv Israel - Mar 19 - 22, 2018
Decoding Formal Club Meeting Featuring Formal Talks by ArterisIP and Cisco at 2099 Gateway Place, Suite 560 San Jose CA - Mar 20, 2018
NVIDIA’s GPU Technology Conference (GTC) at San Jose McEnery Convention Center 150 West San Carlos Street San Jose CA - Mar 26 - 29, 2018

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise