Microsemi Wraps Up $230M Deal For Symmetricom

Law360, New York (November 26, 2013, 3:18 PM EST) -- Semiconductor manufacturer Microsemi Corp. on Tuesday said it has completed its $230 million acquisition of industrial timekeeping technology company Symmetricom Inc., after a successful completion of its tender offer for all outstanding Symmetricom shares.

Microsemi’s successful offer was for $7.18 per share in cash, a 44 percent premium over the stock’s prior close, and no shareholder vote was required to consummate the deal, according to the company.

"We look forward to integrating the talented Symmetricom team and leveraging our product and technology synergies to develop solutions...
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