Deals
Chipmaker Microsemi Runs Sales Process After Skyworks Approach
- Chipmaker said to hire Bank of Montreal to help advise company
- Skyworks lost to Microsemi in bidding war for PMC-Sierra
Microsemi: a Possible Acquisition Target?
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Chipmaker Microsemi Corp. is running a sale process after receiving takeover interest from Skyworks Solutions Inc., according to people familiar with the matter.
Microsemi hired Bank of Montreal to run a broader auction after Woburn, Massachusetts-based Skyworks offered to buy the company, the people said, asking not to be named because the negotiations are private. The process is in the early stages, no deal is imminent and a transaction may not occur, said the people.