Microsemi Ups PMC-Sierra Offer Again, Escalating Bidding War

Updated on
  • Bid now $12.05 a share, second increase in three weeks
  • Raises cash portion to try to top rival offer by Skyworks

Microsemi Corp. again raised its cash-and-stock offer to buy PMC-Sierra Inc., to $12.05 a share, trying to top an offer by Skyworks Solutions Inc. and escalating the bidding war for the maker of semiconductors for network drives.

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