PMC-Sierra Reiterates Commitment to Skyworks Deal

PMC-Sierra's board of directors unanimously determined that the proposal received on November 9, 2015 from Microsemi Corporation to acquire all of the outstanding shares of PMC common stock is not superior to PMC’s existing agreement with Skyworks Solutions, Inc..

The company's board said the Skyworks all cash proposal provides more value certainty to PMC stockholders than the stock and cash consideration provided in the Microsemi proposal.

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