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Analog chipmaker Macom to buy Applied Micro Circuits for $770 mln

Nov 21 (Reuters) - Analog chipmaker Macom Technology Solutions Holdings Inc said on Monday that it would buy fellow chipmaker Applied Micro Circuits Corp for about $770 million in cash and stock to expand its connectivity business.

Macom’s offer of $8.36 per share represents a premium of 15 percent to Applied Micro’s Friday close. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Sai Sachin Ravikumar)

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