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Zarlink Semiconductor completes C$635 million sale to Microsemi Corporation

Date Closed

October 24, 2011

Lead Office

Montréal

Value

635.00 Million CAD

On October 24, 2011, Microsemi Corporation, through its wholly owned subsidiary 0916753 B.C. ULC, completed the acquisition of Zarlink Semiconductor Inc in a transaction valued at approximately C$635 million. The acquisition was implemented by way of a take-over bid for all of the outstanding common shares and all of the outstanding 6 per cent unsecured subordinated convertible debentures of Zarlink.

Microsemi, headquartered in Aliso Viejo, California, offers a comprehensive portfolio of semiconductor solutions for: aerospace, defense and security, enterprise and communications, and industrial and alternative energy markets.

Zarlink, headquartered in Ottawa, Ontario, delivers world-leading, mixed-signal chip technologies for a broad range of communication and medical applications.

McCarthy Tétrault LLP represented Zarlink, as target, with a team led by Sonia Struthers.

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