Microchip Technology Buys SMSC
Chandler, Arizona-based microcontroller manufacturer Microchip Technology said this morning that it will pay $939M for Standard Microsystems Corporation a manufacturer of a broad set of semiconductor and electronics products. Microchip said it will pay $37.00 per share in cash for SMSC, which will have a total enterprise value of about $766M after accounting for cash and investments. Microchip said the buy will expand its range of solutions. SMSC had 2012 net sales of $412M.
posted on Wednesday, May 2, 2012
Related companies:
Microchip Biotechnologies
Related stories:
> Microchip Completes SMSC Buy
> Microchip Gets Antitrust Clearance
> Microchip Technology Eyes UK Company
> Microchip Buys Taiwanese Bluetooth Provider
> Microchip Buys Micrel
Techrockies.com Home