Monday, May 2, 2016
Microsemi Completes $300M Sale Of Board, Packaging Business To Mercury Systems
Aliso Viejo-based Microsemi Corporation said today that it has completed its ale of its board level systems and packaging business, to Mercury Systems, in a deal worth $300M in cash. The deal had been announced earlier. Microsemi said the cash from the sale will be used to pay down debt and reduce its debt ratio.