© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Microsemi Successfully Completes Acquisition of Vitesse
Posted 30th April 2015

Microsemi Successfully Completes Acquisition of Vitesse

Microsemi Corporation, a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and Vitesse Semiconductor Corporation jointly announced today that Microsemi's wholly-owned subsidiary LLIU100 Acquisition Corp. successfully merged into Vitesse, comp

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Microsemi Successfully Completes Acquisition of Vitesse

Microsemi Successfully Completes Acquisition of Vitesse

View Biography
Microsemi

Microsemi Corporation, a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and Vitesse Semiconductor Corporation  jointly announced today that Microsemi’s wholly-owned subsidiary LLIU100 Acquisition Corp. successfully merged into Vitesse, completing Microsemi’s acquisition of Vitesse under Section 251 of the General Corporation Law of the State of Delaware , with no vote of Vitesse’s stockholders required to consummate the merger.

At the effective time of the merger, each outstanding share of Vitesse (other than shares directly owned by Vitesse and its subsidiaries, Microsemi or LLIU100 Acquisition Corp. and shares held by stockholders that are entitled to and properly demand appraisal of such shares under Delaware law) was converted into the right to receive $5.28 per share in cash, without interest and less any applicable withholding taxes, the same price that was paid in the tender offer. Following the merger, Vitesse shares will cease to be traded on Nasdaq.

Headquartered in Camarillo, California, Vitesse designs a diverse portfolio of high-performance semiconductors, application software, and integrated turnkey systems solutions for carrier, enterprise and Internet of Things (IoT) networks worldwide. Vitesse’s products enable the fastest-growing network infrastructure markets including mobile access/IP edge, enterprise cloud access, and industrial IoT networking.

Microsemi continues to expect the acquisition of Vitesse will be accretive in its first full quarter, ended Sept. 27, 2015. Further, Microsemi sees approximately $20 million of cost savings-related synergies on an annual basis, driving $0.16-$0.20 of EPS accretion in its first full fiscal year ending Sept. 30, 2016.

Categories: Finance, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Commercial and Private Client Advisory Services
Strategy
29/02/2016Commercial and Private Client Advisory Services

Veale Wasbrough Vizards (VWV) is a UK top 100 law firm with offices in London, Bristol, Birmingham and, from 1 February, Watford. We are a full service firm in our locations offering commercial and private client advisory services, with a national presence in

Read Full PostRead - Eye Icon
AXG Group and AHR Private Wealth Announce Merger to Continue Strong Growth In 2020
M&A
22/07/2020AXG Group and AHR Private Wealth Announce Merger to Continue Strong Growth In 2020

International financial advisory firm AHR Private Wealth has today announced an acquisition agreement, subject to local regulatory approval, with London-based AXG Group. The AXG Group companies’ will integrate into the AHR framework, while continuing to prov

Read Full PostRead - Eye Icon
Innovative Business Concepts to Save Money
Finance
30/06/2021Innovative Business Concepts to Save Money

The ultimate goal of any business is to turn a profit. Here are five innovative business concepts you should explore to save money.

Read Full PostRead - Eye Icon
How to Protect Your Employees from Accidents at Work
Legal
18/04/2023How to Protect Your Employees from Accidents at Work

Preventing accidents in the workplace should be a priority for all businesses. Not only can they cause serious injuries but they can reduce productivity, leading to negative consequences, both financially and legally.

Read Full PostRead - Eye Icon
Reset.LDN announces collaboration with WeWork in the capital
Leadership
25/11/2019Reset.LDN announces collaboration with WeWork in the capital

Corporate and lifestyle wellness organisation Reset LDN has announced a new collaboration with workspace provider WeWork. The team at Reset LDN will bring a full service, on-site wellness programme to the world’s largest WeWork at 10 York Road in London, whi

Read Full PostRead - Eye Icon
Holding the Answers to all your Questions
Strategy
21/03/2018Holding the Answers to all your Questions

Floresta Longo e Associati (FLA) is a professional association of specialised lawyers, tax and labour consultants, and has been named in AI’s Global Excellence Awards as the Best Administrative Law Firm within in Italy in 2018.

Read Full PostRead - Eye Icon
Kenya: Ensuring Economic Growth
Finance
12/10/2015Kenya: Ensuring Economic Growth

Mohammed Muigai is a leading law firm based in Kenya’s capital, Nairobi. Comprising six partners and five associates, allied to the finest legal and administrative support staff, the firm’s reputation as a market leader derives from a tradition of excellen

Read Full PostRead - Eye Icon
Legal Technology
Innovation
01/07/2016Legal Technology

LSG is a leading web-based software application and business process outsourcing company with a global network of offices in Europe, North America and Asia-Pacific.

Read Full PostRead - Eye Icon
Marvels in Medical Malpractice
Legal
08/02/2021Marvels in Medical Malpractice

Injuries can be an incredible challenge to tackle, but finding the right lawyer to handle the case that follows can make all the difference. Joseph P. Awad has built a strong reputation for himself that has led to his being named as Leading Personal Injury and



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow