MSCC » Topics » 12. SUBSEQUENT EVENT

This excerpt taken from the MSCC 10-Q filed Apr 30, 2009.

15. SUBSEQUENT EVENT

In the third quarter of fiscal year 2009, we purchased substantially all the assets of the Defense and Security business of Endwave Corporation for an estimated purchase consideration of approximately $28.0 million in cash and assumption of certain liabilities. We expect to report a preliminary allocation of the estimated purchase consideration when we file our Form 10-Q for the third quarter of fiscal year 2009.

 

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
This excerpt taken from the MSCC 10-Q filed Aug 5, 2008.

13. SUBSEQUENT EVENT

        In the fourth quarter of fiscal year 2008, we purchased substantially all of the assets of SEMICOA for an estimated purchase consideration of $25 million in cash and assumption of certain liabilities. We expect to report a preliminary allocation of the estimated purchase consideration when we file our Form 10-K for the fiscal year ending September 28, 2008. We do not expect that this transaction will significantly impact our results of operations or be, on a pro forma basis, material to our results of operations for the full year ending September 28, 2008.

20


Item 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This excerpt taken from the MSCC 10-Q filed Feb 9, 2007.

12. SUBSEQUENT EVENT

On October 24, 2006, we entered into a definitive agreement and plan of merger (the “Merger Agreement”) with PowerDsine Ltd. (“PowerDsine”), an Israeli corporation, and Pinnacle Acquisition Corporation, Ltd., an Israeli corporation that is an indirect wholly owned subsidiary of Microsemi. The Merger Agreement provides for a merger of our subsidiary into PowerDsine. We completed the acquisition of PowerDsine on January 9, 2007 and under the terms of the Merger Agreement, we issued 0.1498 of a share of Microsemi common stock and paid $8.25 in cash for each PowerDsine ordinary share, resulting in the issuance in the aggregate of approximately 3.1 million shares with a fair market value of approximately $57.8 million and a cash payment of approximately $170.0 million. We financed this transaction with cash on hand and through additional borrowings of $18.0 million on our credit line.

 

14


Table of Contents
Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki