Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Macom Technology Solutions to buy Applied Micro Circuits Corp

Monday, November 21, 2016 7:59
% of readers think this story is Fact. Add your two cents.

Macom Technology Solutions Holdings Inc (NASDAQ: MTSI) is to buy cloud infrastructure specialist Applied Micro Circuits Corp in a cash and paper deal, which will create an “industry powerhouse”.

Under the deal, Macom will pay US$3.25 in cash and 0.1089 of its shares for each Applied Micro share, valuing the latter at about US$722.7 million

The share price paid represents a 15.4% premium on the company’s closing price of $7.25 on Friday, November 18.

Macom chief John Croteau said: “This transaction will accelerate and expand MACOM’s breakout opportunity in Enterprise and Cloud Data Centers.

“MACOM will now be able to provide all the requisite semiconductor content for optical networks – analog, photonic and PHY – from the switch to fiber for long haul, metro, access, backhaul and Data Center. AppliedMicro’s 100G to 400G single-lambda PAM4 platform should perfectly complement MACOM’s leadership in analog and photonic components for Data Centers.”

Paramesh Gopi, president and chief executive at AppliedMicro added: “This transaction will create an industry powerhouse with the scale, deep customer relationships, innovative technology, and enabling products that will help deliver explosive growth in Enterprise and Cloud Data Centers.”

Macom expects the deal, which is anticipated to close in the first quarter of 2017, to add to its adjusted earnings in fiscal 2017.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.