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Article: Microsemi Acquisitions Strengthen Military/Aerospace Offering.
- Article from:
- Business Wire
- Article date:
- June 12, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business/Technology Editors
IRVINE, Calif.--(BUSINESS WIRE)--June 12, 2001
Microsemi Corp. (Nasdaq:MSCC) today announced that it has entered into agreements in principle to acquire Compensated Devices Inc. (CDI), of Melrose, Mass. and New England Semiconductor Corp. (NES), of Lawrence, Mass.
Both companies should strengthen Microsemi's product offering with space and military-qualified Schottky diodes and high-reliability bipolar transistors. Microsemi will pay $11.5 million and $9.1 million, respectively for CDI and NES in a combination of cash and one-year notes that are payable in cash and/or shares of common stock, at Microsemi's option.
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