Chipmaker Diodes to buy Pericom for $400 million

Reuters News
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Posted: Sep 03, 2015 9:21 AM

(Reuters) - Chipmaker Diodes Inc <DIOD.O> said it would buy Pericom Semiconductor Corp <PSEM.O> in a deal valued at about $400 million to boost its analog and mixed-signal chip businesses.

Diodes' offer of $17 per share in cash represents a premium of 39.6 percent to Pericom's Wednesday close.

(Reporting by Abhirup Roy in Bengaluru; Editing by Savio D'Souza)