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)

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