Skyworks and PMC-Sierra amend merger agreement to $11.60 per share

Skyworks Solutions and PMC-Sierra announced an amended merger agreement under which Skyworks will acquire PMC for $11.60 per share in cash, increased from $10.50 per share. The transaction is expected to close in the first half of 2016.

“Skyworks Solutions, Inc. and PMC-Sierra, Inc. today announced a definitive agreement under which Skyworks will acquire PMC for $10.50 per share in an all-cash transaction valued at approximately $2 billion.”skyworks.gcs-web.com

• 2 sources
• skyworks.gcs-web.comSkyworks to Acquire PMC-Sierra for $2 Billion in Cash | Skyworks Solutions, Inc.Aug 21, 2017
• investors.skyworksinc.comSkyworks and PMC-Sierra Announce Amended and Restated Merger Agreement for Increased Consideration of $11.60 per Share in Cash | Skyworks Solutions, Inc.Aug 21, 2017

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