Mergers & Acquisitions: 13.5 Million White Electronic Shares Tendered To Microsemi

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(Comment on this article at http://www.financialwire.net/2010/04/30/mergers-acquisitions-13-5-million-white-electronic-shares-tendered-to-microsemi/)

April 30, 2010 (FinancialWire) -- Microsemi Corp. MSCC has completed its tender offer, through its wholly owned subsidiary Rabbit Acquisition Corp., for all outstanding shares of White Electronic Designs Corp. WEDC.

The tender offer expired at 12: 00 midnight, New York City time, on Tuesday, April 27, 2010.

According to preliminary information provided by Computershare, the depositary for the tender offer, approximately 13.5 million shares, representing approximately 57% of White Electronic's outstanding shares, were validly tendered and not withdrawn in the offer. Rabbit Acquisition Corp. accepted all validly tendered shares.

Microsemi said it does not intend to offer a subsequent offering period in connection with the offer and expects to complete the acquisition of White Electronic as soon as practicable.

Microsemi Corp., with corporate headquarters in Irvine, California, is a leading designer, manufacturer and marketer of high performance analog and mixed-signal integrated circuits, semiconductors and RF subsystems. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals.

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Posted In: Information TechnologySemiconductors
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