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© alphaspirit dreamstime.com Components | November 16, 2015

PMC stays with Skyworks

PMC-Sierra's board of directors has determined that the proposal from Microsemi Corporation is not superior to the existing agreement with Skyworks Solutions.
PMC-Sierra concluded that the Skyworks – all cash – proposal provides more value certainty to the company's stockholders than the stock and cash consideration provided in the Microsemi proposal.
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