Back on July 25, I predicted that Microsemi (NASDAQ:MSCC) would likely stay active in the M&A arena and less than two months later the company has delivered - announcing the acquisition of Centellax.
Microsemi also took the opportunity to introduce a new share buyback
program and to confirm its fourth quarter growth guidance. Although none
of these announcements meaningfully change the near-term picture for
Microsemi, they're the sort of incremental positive moves that I've come
to expect from this company and the Centellax deal could follow in the
footsteps of past deals like Actel that add meaningful value down the
road.
Follow this link for more:
Microsemi Puts Cash To Work In M&A And Buybacks
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