Microchip Receved Antitrust Clearance in USA for Acquisition of Microsemi
Also subject to clearances from China's Ministry of Commerce, Japan Fair Trade Commission, Taiwan Fair Trade Commission, Philippine Competition Commission, German Federal Cartel Office and Federal Competition Authority in Austria
This is a Press Release edited by StorageNewsletter.com on April 16, 2018 at 2:42 pmMicrochip Technology Incorporated announced, in connection with its pending acquisition of Microsemi Corporation, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
The completion of the merger is also subject to obtaining antitrust clearances from China’s Ministry of Commerce, the Japan Fair Trade Commission, Taiwan Fair Trade Commission, Philippine Competition Commission, German Federal Cartel Office and Federal Competition Authority in Austria, each of which continues to review the transaction.
Completion of the merger also remains subject to certain other closing conditions, including approval by Microsemi stockholders.
Assuming the timely receipt of the aforementioned regulatory approvals and the satisfaction of the other closing conditions, Microchip anticipates that the merger will be completed in June 2018.
Read also:
Microchip to Acquire Microsemi
For $8.35 billion
2018.03.05 | Press Release
Subscribe to our free daily newsletter
