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Article: Microsemi Completes Acquisitions; Raises Guidance and Effects 2-for-1 Stock Split as of Close Today.
- Article from:
- Business Wire
- Article date:
- August 28, 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 Editors and High-Tech Writers
IRVINE, Calif.--(BUSINESS WIRE)--Aug. 28, 2001
Microsemi Corp. (Nasdaq:MSCC), today announced raising of the median of its revenue guidance, in part as a result of the previously reported closings of the acquisitions of the assets of Compensated Devices Inc. (CDI) and New England Semiconductor Corp. (NES), and the deferred ex-dividend date of tomorrow.
Acquisitions
The acquisitions are believed to strengthen Microsemi's position in the growing military, space and medical markets, but are not the sole reason for the revised expectations. The acquisitions were completed for $11.5 million and $9.1 ...