The company was up 10% on Monday, trading at $18.8 as of 11:09am ET on the Nasdaq, while Actel rose more than 30% to trade at $20.94. The total transaction value is approximately $430 million, net of Actel's projected cash balance at closing. Data delayed 15 minutes unless otherwise indicated. Marrone Bio Innovations is bringing biological pesticides to the pest management industry. Microsemi announced today that it has entered into a definitive agreement to acquire Actel for $20.88 per share through a cash tender offer. Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. For the September quarter, net sales for Microsemi are expected to range from $146 to $150 million. News the global electronics community can trust, The trusted news source for power-conscious design engineers, Supply chain news for the electronics industry, The can't-miss forum engineers and hobbyists, Product news that empowers design decisions, Design engineer' search engine for electronic components, The electronic components resource for engineers and purchasers, The design site for hardware software, and firmware engineers, Where makers and hobbyists share projects, The design site for electronics engineers and engineering managers, The learning center for future and novice engineers, The educational resource for the global engineering community, Where electronics engineers discover the latest toolsThe design site for hardware software, and firmware engineers, Brings you all the tools to tackle projects big and small - combining real-world components with online collaboration. No approval of the shareholders of Microsemi is required in connection with the proposed transaction. Proactive Investors Australia Pty Ltd ACN 132 787 654 (the Company, we or us) provides you with access to the content set out above, including any news, quotes, information, data, text, reports, ratings, opinions,... ElectraMeccanica (NASDAQ: SOLO) CEO Paul Rivera joined Steve Darling from Proactive Vancouver with news the company has announced they have SOLO’s in North America! Microsemi expects the acquisition to be $0.22 to $0.28 accretive in its first full calendar year ending December 2011. Actel was acquired by Microsemi on October 4, 2010. For the September quarter, net sales for Microsemi are expected to range from $146 to $150 million. The first cars to arrive will be used in marketing, advertising, and retail activities. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC. Transim powers many of the tools engineers use every day on manufacturers' websites and can develop solutions for any company. Learn about working at Actel is now Microsemi. Semiconductors Company. Currently, the company has reaffirmed its adjusted diluted earnings per share guidance for its fourth fiscal quarter of 2010 of $0.33 to $0.35. Semiconducter company Microsemi (Nasdaq:MSCC) said Monday that it has agreed to acquire Actel (Nasdaq:ACTL) in a deal valued at approximately $430 million. Terms of the agreement were unanimously approved by the boards of directors of both Microsemi and Actel. Out of 60 sectors in the Mergr database, semiconductors ranked 40 in number of deals in 2010. Under the terms of the definitive acquisition agreement, Microsemi will commence a cash tender offer to acquire Actel's outstanding shares of common stock at $20.88 per share, net to each holder in cash. The analog and mixed-signal chip maker has entered into a definitive agreement to acquire Actel Corp. for $20.88 per share through a cash tender offer. Headquartered in Mountain View, California, Actel supplies low-power, mixed-signal, and radiation-tolerant field programmable gate arrays (FPGAs) serving the aeropsace and defense, industrial, communication, and consumer markets. But Actel’s green initiative had barely taken root when Microsemi’s acquisition beast came grazing and unceremoniously chomped it off at the stem, grinding Actel up with the rest of its cud – a buffet of a dozen or so boutique technology companies who fit somehow into Microsemi’s bits-for-bullets military electronics puzzle. Terms of use. Create your account: sign up and get ahead on news and events. Microsemi, with corporate headquarters in Irvine, California, is a designer, manufacturer and marketer of analog and mixed-signal integrated circuits, semiconductors and RF subsystems. NA Proactive news snapshot: ElectraMeccanica Vehicles, Willow Biosciences, DRDGOLD Limited, Aurania Resources UPDATE ... 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The company is known in the satellite and space markets as a result of its knowledge of radiation tolerance and space-level qualifications. “We believe the addition of Actel will deliver compelling synergies to Microsemi,” said James J. Peterson, Microsemi's president and chief executive, in a statement. Transform your product pages with embeddable schematic, simulation, and 3D content modules while providing interactive user experiences for your customers. See who you know at Actel is now Microsemi, leverage your professional network, and get hired. Password (at least 8 characters required). Analog and FPGAs are completely different markets. You must Register or Power Up podcast: Our guest is Justin Kolbe of Henkel. Please see our Privacy Policy. The total transaction value is approximately $430 million, net of Actel's projected cash balance at closing. In the legal profession, information is the key to success. Make sure you don't miss any Law360 breaking news. Find the IoT board you’ve been searching for using this interactive solution space to help you visualize the product selection process and showcase important trade-off decisions. Semiconductor manufacturer Microsemi Corp. has said it will acquire circuit maker Actel Corp. for $430 million in a deal that lets Microsemi expand its aerospace and defense business. The principal markets the company serves include implanted medical, defense/aerospace and satellite, notebook computers, monitors and LCD TVs, automotive and mobile connectivity applications. “Actel will bring the most widely-used mixed-signal, radiation tolerant FPGA products in the aerospace and defense markets today, and the company's products will allow Microsemi to extend its growing system-level capabilities,'' he said. You have to know what’s happening with clients, competitors, practice areas, and industries. SAN JOSE, Calif. – Microsemi Corp. has entered into the FPGA market. Chesapeake Energy sell future Barnett Shale output to Barclays, ONE2NE Investor Forum - Strategic Metals Supply Chain Webinar, Alpha Growth shines as a specialist in longevity investing with high returns on its BlackOak Alpha Growth Fund, US stocks rebound on GDP spike after massive sell-off, US stocks fall hard as COVID-19 rates surge. Already a subscriber? SAN JOSE, Calif. – Microsemi Corp. has entered into the FPGA market. Headquartered in Mountain View, California, Actel supplies low-power, mixed-signal, and radiation-tolerant field programmable gate arrays (FPGAs) serving the aeropsace and defense, industrial, communication, and consumer markets. Please see our Privacy Policy. It was a complete surprise. The largest semiconductors acquisition in 2010 was Actel - which was acquired by Microsemi for $430M. All contents are Copyright © 2020 by AspenCore, Inc. All Rights Reserved. - Congress meets to find out, Mandalay Resources eyeing production increases at both its mines, while Youle deposit in Australia continues to deliver, ION Energy is poised to be a player in Asia’s booming lithium market with its promising Mongolia project, First Cobalt Corp fully focused on creating a North American cobalt supply chain, CytoDyn provide update on their path to approval for treatment of COVID-19. Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest.You’ll be able to update your communication preferences via the unsubscribe link provided within our communications.We take your privacy seriously. The total transaction value is approximately $430 million, net of Actel’s projected cash balance at closing. Microsemi to acquire Actel for $430m. We speak with him about different aspects of power conversion and its thermal management for different markets.
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