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Microsemi raises buyout bid for PMC-Sierra

Microsemi Corp. MSCC, -1.47% raised its buyout bid for chip maker PMC-Sierra Inc. PMCS, -0.08% which puts it even further above the bid from Skyworks Solutions Inc. SWKS, -1.08% Under terms of the revised bid, PMC shareholders would get $9.22 in cash and 0.0771 Microsemi shares...


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