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Microsemi Corp (MSCC.OQ)

MSCC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Crossbar Announces Licensing Relationship Agreement With Microsemi
Wednesday, 16 May 2018 08:00am EDT 

May 16 (Reuters) - Microsemi Corp ::CROSSBAR ANNOUNCES LICENSING RELATIONSHIP AGREEMENT WITH MICROSEMI.CROSSBAR INC- ANNOUNCED DEAL WITH MICROSEMI CORP IN WHICH MICROSEMI WILL LICENSE CROSSBAR'S RERAM CORE INTELLECTUAL PROPERTY.  Full Article

Microchip Technology Says Cannot Confirm Report That MOFCOM Has Cleared Microsemi Deal
Monday, 7 May 2018 03:27pm EDT 

May 7 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY ON REPORTS OF MOFCOM APPROVAL FOR MICROSEMI DEAL - "CANNOT CONFIRM TODAY'S REPORT IN THE PRESS THAT CHINA'S MOFCOM HAS CLEARED" DEAL.MICROCHIP TECHNOLOGY ON MOFCOM APPROVAL FOR MICROSEMI DEAL- BELIEVE REVIEW PROCESS IS RUNNING SMOOTHLY; CO OPTIMISTIC IT WILL RECEIVE CLEARANCE SHORTLY.  Full Article

Microchip To Buy Microsemi For $68.78 Per Share In Cash
Thursday, 1 Mar 2018 04:01pm EST 

March 1 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY TO ACQUIRE MICROSEMI.DEAL FOR ‍TOTAL EQUITY VALUE OF ABOUT $8.35 BILLION ​.DEAL FOR ‍ABOUT $8.35 BILLION​.DEAL FOR TOTAL ENTERPRISE VALUE OF ABOUT $10.15 BILLION.DEAL FOR $68.78 PER SHARE IN CASH.‍TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO MICROCHIP'S NON-GAAP EARNINGS PER SHARE​.‍BOARD OF DIRECTORS OF EACH COMPANY HAS UNANIMOUSLY APPROVED ACQUISITION​.‍MICROCHIP ANTICIPATES ACHIEVING AN ESTIMATED $300 MILLION IN SYNERGIES IN THIRD YEAR AFTER CLOSE OF TRANSACTION​.J.P. MORGAN IS ACTING AS MICROCHIP'S EXCLUSIVE FINANCIAL ADVISOR AND IS PROVIDING $5.6 BILLION IN COMMITTED FINANCING.PLANS TO FINANCE DEAL WITH ABOUT $1.6 BILLION OF CASH FROM COMBINED COMPANY BALANCE SHEETS, AMONG OTHERS.‍PLANS TO FINANCE DEAL ALSO WITH ABOUT $3.0 BILLION FROM MICROCHIP'S EXISTING LINE OF CREDIT.‍PLANS TO FINANCE DEAL ALSO WITH ABOUT $5.0 BILLION IN NEW DEBT AND $0.6 BILLION OF A CASH BRIDGE LOAN​.  Full Article

Microchip nears deal to buy Microsemi - WSJ
Tuesday, 27 Feb 2018 12:18am EST 

Feb 27 (Reuters) - :MICROCHIP TECHNOLOGY INC IS IN ADVANCED TALKS TO BUY MICROSEMI CORP- WSJ, CITING SOURCES.DEAL WOULD VALUE MICROSEMI ROUGHLY IN THE MID-$60S A SHARE - WSJ, CITING A SOURCE‍​.  Full Article

Microsemi Corp Entered Into Amendment No. 4 To Its Existing Credit Agreement​
Monday, 27 Nov 2017 04:59pm EST 

Nov 27 (Reuters) - Microsemi Corp ::MICROSEMI CORP SAYS ENTERED INTO AMENDMENT NO. 4 TO ITS EXISTING CREDIT AGREEMENT DATED AS OF JANUARY 15, 2016​.MICROSEMI SAYS ‍AMENDMENT PROVIDES FOR NEW PRICING TERMS FOR $794.7 MILLION OF TERM B LOANS OUTSTANDING UNDER EXISTING CREDIT AGREEMENT - SEC FILING​.MICROSEMI CORP - ‍REPRICED TERM B LOANS MATURE JANUARY 15, 2023​.MICROSEMI CORP - ‍REPRICED TERM B LOANS BEAR INTEREST AT MICROSEMI'S OPTION AT BASE RATE OR LIBOR, PLUS A MARGIN​.  Full Article

Microsemi posts Q4 adj. earnings per share $1.09
Thursday, 9 Nov 2017 04:02pm EST 

Nov 9 (Reuters) - Microsemi Corp :Microsemi reports fourth quarter and fiscal year 2017 results.Q4 GAAP earnings per share $0.87.Q4 earnings per share view $1.08 -- Thomson Reuters I/B/E/S.Sees Q1 2018 non-GAAP earnings per share $0.95 to $1.07.Q4 non-GAAP earnings per share $1.09.Sees Q1 2018 sales $448 million to $472 million.Q4 sales $475.3 million versus I/B/E/S view $475 million.Q1 earnings per share view $1.01, revenue view $460.4 million -- Thomson Reuters I/B/E/S.  Full Article

Microsemi to acquire Vectron's high performance timing business from Knowles Corp
Thursday, 26 Oct 2017 04:55pm EDT 

Oct 26 (Reuters) - Knowles Corp :Microsemi to acquire high performance timing business of Vectron International from Knowles Corp..Knowles Corp - ‍Microsemi expects acquisition to be immediately accretive once deal is closed​.Knowles - ‍as of this date, Microsemi remains comfortable with its July 28 non-GAAP guidance for its fourth fiscal quarter of 2017 ended Oct. 1​.  Full Article

Knowles signs definitive agreement to divest timing device business
Thursday, 26 Oct 2017 04:54pm EDT 

Oct 26 (Reuters) - Knowles Corp :Knowles signs definitive agreement to divest timing device business.Knowles Corp - ‍company enters into definitive agreement to sell timing device business for $130 million​.Knowles Corp - ‍transaction is expected to be slightly dilutive to earnings and to close in current quarter​.Knowles - agreement to sell timing device (oscillator) business, part of precision devices segment, to Microsemi Corporation​.Knowles Corp - ‍depending on timing of close of this transaction, company may update its Q4 2017 guidance it provided on October 25, 2017​.  Full Article

Microsemi Corp awarded a contract as part of PowerAmerica's $70 mln backing from U.S. Department of Energy
Thursday, 17 Aug 2017 07:00am EDT 

Aug 17 (Reuters) - Microsemi Corp :Microsemi awarded contract to accelerate adoption of silicon carbide technology as new member of PowerAmerica.Microsemi Corp - ‍Microsemi was awarded a contract as part of poweramerica's $70 million dollar backing from U.S. Department of Energy over five years​.  Full Article

Microsemi Corporation announces new $250 mln stock repurchase program
Thursday, 27 Jul 2017 04:04pm EDT 

July 27 (Reuters) - Microsemi Corp :Microsemi Corporation announces new $250 million stock repurchase program.Microsemi Corp- ‍purchases will be funded from available working capital.​.Microsemi Corp- ‍new authorization permits company to repurchase up to $250 million of common stock before july 31, 2019​.  Full Article