Microchip Technology Announces $8.35 Billion Acquisition of Microsemi

On March 1, 2018, Microchip Technology, a leading provider of microcontroller, mixed-signal, analog, and Flash-IP solutions, announced that it will acquire Microsemi, a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, for $68.78 per share in cash. According to a press release, the acquisition price represents a total equity value of about $8.35 billion, and a total enterprise value of about $10.15 billion. Wilson Sonsini Goodrich & Rosati is representing Microchip Technology in the transaction.

The boards of directors of both companies have unanimously approved the acquisition. Subject to approval by Microsemi stockholders, customary regulatory approvals, and other closing conditions, the transaction is expected to close in the second quarter of calendar year 2018.

The WSGR team advising Microchip Technology includes:

M&A:
Robert Ishii, Partner
Patrick Sandor, Associate
Matthew Baudler, Associate
Erin Malone-Shkurkin, Associate

Corporate and Securities:
Robert Suffoletta, Partner

Corporate Finance:
Kathleen Rothman, Partner
Jill Fulwiler, Associate

Employee Benefits and Compensation:
Madeleine Boshart, Partner
Lucericia Messiah, Associate

Technology Transactions:
James Clessuras, Partner
Barath Chari, Associate

Government Contracts:
Mark Fitzgerald, Partner
Mark Bass, Associate

Tax:
Eileen Marshall, Partner

For more information, see Microchip Technology's press release.