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February 12, 1999 | P.J. Huffstutter
Microsemi Corp., the Santa Ana-based semiconductor firm, said Thursday that it agreed to acquire Linfinity Microelectronics Inc. of Garden Grove from Symmetricom Corp. in a $24.13-million cash deal. Symmetricom said it expected to report a net after-tax loss of up to $4 million, or 26 cents a share, from the deal, which is expected to close by the end of March.
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BUSINESS
February 12, 1999 | P.J. Huffstutter
Microsemi Corp., the Santa Ana-based semiconductor firm, said Thursday that it agreed to acquire Linfinity Microelectronics Inc. of Garden Grove from Symmetricom Corp. in a $24.13-million cash deal. Symmetricom said it expected to report a net after-tax loss of up to $4 million, or 26 cents a share, from the deal, which is expected to close by the end of March.
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BUSINESS
April 16, 1999
Microsemi Corp. said it has completed its acquisition of Garden Grove-based Linfinity Microelectronics Inc. from its parent, Symmetricom Corp. for $24.1 million. Linfinity, which had sales of about $45 million in the most recent 12-month period, makes integrated circuits that manage the power used by consumer electronics. Microsemi, a semiconductor firm based in Santa Ana, expects to record a third-quarter charge of $2 million and $2.5 million in connection with the acquisition.
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