Microsemi Completes Symmetricom Offer

Aliso Viejo-based Microsemi said this morning that it has completed its offer for the shares of Symmetricom, and now expects to complete the deal later today. Microsemi is paying $7.18 per share in cash for Symmetricom, or approximately $230M. Symmetricom is a developer of timing and frequency semiconductors used in electronics products. The deal had originally been announced in October.