Santa Ana, Calif.--Jan. 21, 1998--Microsemi Corp. and BKC Semiconductors,Inc. have signed a definitive agreement whereby Microsemi will acquire BKCfor $9.17 per share in cash.
Microsemi intends to finance the acquisition with cash on handand borrowings under its existing credit facilities. As a result ofthe merger, BKC will be a wholly owned subsidiary of Microsemi. Thecurrent plan is for BKC to operate as a stand-alone subsidiary.
The merger is expected to be completed in late March or earlyApril 1998, subject to BKC stockholder approval and satisfaction ofother usual closing conditions.
David R. Sonksen
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