Learn how your comment data is processed. The deal is expected to expand Microsemi's system-level and programmable capabilities, strengthen its mixed-signal product offering, and create significant synergies, said the company. Create your account: sign up and get ahead on news and events. Please see our Privacy Policy. Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Under the terms of the definitive acquisition agreement, Microsemi will commence a cash tender offer to acquire Actel's outstanding shares of common stock at $20.88 per share, net to each holder in cash. Now,  Microsemi will compete in the tough FPGA fray. Currently, the company has reaffirmed its adjusted diluted earnings per share guidance for its fourth fiscal quarter of 2010 of $0.33 to $0.35. Actel was acquired by Microsemi on October 4, 2010. Headquartered in Mountain View, California, Actel supplies low-power, mixed-signal, and radiation-tolerant field programmable gate arrays (FPGAs) serving the aeropsace and defense, industrial, communication, and consumer markets. Semiconducter company Microsemi (Nasdaq:MSCC) said Monday that it has agreed to acquire Actel (Nasdaq:ACTL) in a deal valued at approximately $430 million. Microsemi expects significant synergies from this immediately accretive transaction. Proactive Investors Australia Pty Ltd ACN 132 787 654 (the Company, we or us) provides you with access to the content set out above, including any news, quotes, information, data, text, reports, ratings, opinions,... ElectraMeccanica (NASDAQ: SOLO) CEO Paul Rivera joined Steve Darling from Proactive Vancouver with news the company has announced they have SOLO’s in North America! Analog and FPGAs are completely different markets. SiliconExpert provides engineers with the data and insight they need to remove risk from the supply chain. Based on current assumptions, Microsemi expects the acquisition to be $0.22 to $0.28 accretive in its first full calendar year ending December 2011. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals. Actel  competes against Altera, Lattice, SiliconBlue and Xilinx. Login to post a comment. Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest.You’ll be able to update your communication preferences via the unsubscribe link provided within our communications.We take your privacy seriously. Headquartered in Mountain View, California, Actel supplies low-power, mixed-signal, and radiation-tolerant field programmable gate arrays (FPGAs) serving the aeropsace and defense, industrial, communication, and consumer markets. Try our Advanced Search for more refined results. Law360 (October 4, 2010, 2:47 PM EDT) -- Semiconductor manufacturer Microsemi Corp. has said it will acquire circuit maker Actel Corp. for $430 million in a deal that lets Microsemi expand its aerospace and defense business. Semiconductors Company. NA Proactive news snapshot: ElectraMeccanica Vehicles, Willow Biosciences, DRDGOLD Limited, Aurania Resources UPDATE ... Amryt Pharma shares additional encouraging data from successful phase III trial of gel for rare skin disease, LVMH lowers price for Tiffany & Co. takeover to US$15.8bn, NA Proactive news snapshot: CleanSpark, Newrange Gold, XPhyto Therapeutics, GGX Gold, Altamira Gold, Goldseek Resources UPDATE …, Gilead Sciences says remdesivir plays important role for COVID-19 patients treatment, Apple, Alphabet, Amazon and Facebook release earnings in blockbuster Thursday, Calyxt announces commercial deal with S&W Seed to deliver improved quality alfalfa seed, Namaste Technologies looks to become the ‘Amazon of cannabis’ with its integrated, intelligent cannabis experience, Lexaria Bioscience seeing increased demand for its DehydraTECH drug delivery system, Nano One wants to be the power behind low-cost, high-performance battery materials, ImagineAR provides technology that blends together the real with the digital, Are Facebook, Google and Twitter damaging US freedoms and discourse?