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Skyworks: Cheap With Or Without Accretive Deal

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  • Skyworks terminates PMC-Sierra deal after the target accepts a higher bid from Microsemi.
  • The company was expected to match the minimal increase in the deal price.
  • The stock remains an attractive investment based on organic growth targets not reliant on a deal for PMC-Sierra.



In a surprise move, Skyworks Solutions (NASDAQ:SWKS) stepped away from the bidding war for PMC-Sierra (NASDAQ:PMCS). Or maybe the move wasn't surprising, watching PMC accept a bid last week where Microsemi (NASDAQ:MSCC) only increased the bid price by $0.18.

Read the full article on Seeking Alpha.


Disclosure: No positions mentioned. Please review the disclaimer page for more details. 



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