Skyworks Lifts PMC Bid to $2.3 Billion, Eclipsing Microsemi

Updated on
  • Amended deal raises offer to $11.60 a share from $10.50
  • Agreement adds to record year for semiconductor mergers

Skyworks Solutions Inc., a maker of analog semiconductors, agreed to acquire PMC-Sierra Inc. for $11.60 a share in cash, up from a previous offer of $10.50, advancing a bidding contest during a record year for chip mergers.

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