PMC-Sierra, Inc.


Company Name:
PMC-Sierra, Inc. 
Sector:
Semiconductors & Semiconductor Capital Equipment 
Transaction Type:
Merger/Acquisition/Advisory 
Ticker Symbol:
PMCS 
Deal Amount:
$2526.3M
Transaction Date:
1/15/2016 
Transaction Summary:
PMC-Sierra, Inc., a leading innovator of energy-saving films and glass products for automotive and architectural markets, completed its previously announced sale to Microsemi Corporation (Nasdaq: MSCC) ("Microsemi"), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance. Under the terms of the agreement, PMC-Sierra's shareholders have received $9.22 in cash and 0.0771 of a share of Microsemi common stock for each share of PMC common stock through an exchange offer. Needham & Company acted as a financial advisor to PMC-Sierra, Inc. 
Company Description:
PMC (NASDAQ: PMCS) is the semiconductor and software solutions innovator transforming networks that connect, move and store big data. Building on a track record of technology leadership, PMC is driving innovation across storage, optical and mobile networks. PMC's highly integrated solutions increase performance and enable next-generation services to accelerate the network transformation.  
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