Canaccord Genuity Downgrades Applied Micro Circuits (AMCC) to Hold

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Go back to Canaccord Genuity Downgrades Applied Micro Circuits (AMCC) to Hold

MACOM Announces Definitive Agreement to Acquire AppliedMicro

November 21, 2016 7:15 AM EST

Deal to Accelerate and Broaden Breakout in Cloud Data Centers; MACOM Intends to Divest Compute Business within 100 Days of Closing

LOWELL, Mass.--(BUSINESS WIRE)-- MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) (MACOM), a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products, today announced it has entered into a definitive agreement to acquire Applied Micro Circuits Corporation (NASDAQ: AMCC) (AppliedMicro), a global leader in Connectivity and Computing solutions for next-generation cloud infrastructure and Data Centers, for approximately $8.36 per share, consisting... More