Tuesday, October 25, 2011
Microsemi Advances Acquisition of Zarlink Semiconductor
Aliso Viejo-basedMicrosemi, the semiconductor maker, said today that it has advanced its acquisition of Zarlink Semiconductor, and now owns approximately 93 percent of Zarlink's outstanding shares, and 99 percent of Zarlink's outstanding debenteres. The firm said the move will allow it to exercise a right given under Canadian law to acquire the remaining outstanding shares and debentures of Zarlink. Microsemi had launched a hostile bid for Zarlink in July.