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:
Robert Ishii, Partner
Patrick Sandor, Associate
Matthew Baudler, Associate
Erin Malone-Shkurkin, Associate
Corporate and Securities:
Robert Suffoletta, Partner
Kathleen Rothman, Partner
Jill Fulwiler, Associate
Employee Benefits and Compensation:
Madeleine Boshart, Partner
Lucericia Messiah, Associate
James Clessuras, Partner
Barath Chari, Associate
Mark Fitzgerald, Partner
Mark Bass, Associate
Eileen Marshall, Partner
For more information, see Microchip Technology's press release.