Chipmaker Microsemi Corp (MSCC.O) said it had offered to buy chipmaker PMC-Sierra Inc (PMCS.O) in a deal valued at about $2.4 billion.

Microsemi’s offer of $11.50 per share represents a premium of about 12 percent to PMC’s Friday close.

Apple Inc (AAPL.O) supplier Skyworks Solutions Inc (SWKS.O) said on Oct. 5 that it would buy PMC-Sierra for $2 billion in cash.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Kirti Pandey)

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