“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ . ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me walterunger@ccim.net. VIEW ALL OF WALTERS LISTINGS.
By Hayley Ringle – Reporter, Phoenix Business Journal, Mar 1, 2018, 6:04pm
Chandler-based Microchip Technology Inc. announced today it is acquiring Microsemi Corp. for an enterprise value of about $10.15 billion, which is the company’s largest acquisition to date.
This massive acquisition significantly expands Microchip’s solutions for data centers, communications, defense and aerospace markets.
Microsemi (Nasdaq: MSCC) is an Aliso Viejo, California-based semiconductor and system solutions provider for aerospace and defense, communications, data center and industrial markets. It has 4,800 employees across the globe.
“We are delighted to welcome Microsemi to become part of the Microchip team and look forward to closing the transaction and working together to realize the benefits of a combined team pursuing a unified strategy,” said Microchip CEO Steve Sanghi in a statement. “Even as we execute a very successful Microchip 2.0 strategy that is enabling organic revenue growth in the mid to high single digits, Microchip continues to view accretive acquisitions as a key strategy to deliver incremental growth and stockholder value. The Microsemi acquisition is the latest chapter of this strategy and will add further operational and customer scale to Microchip.”
Microchip (Nasdaq: MCHP) will acquire Microsemi for $68.78 per share in cash. This represents a total equity value of about $8.35 billion, and a total enterprise value of about $10.15 billion.
“This transaction represents a compelling opportunity for Microsemi stockholders, employees and customers by combining the leading embedded control market position of Microchip Technology with the world class power, security, reliability and performance solutions from Microsemi,” said Microsemi Chairman and CEO James Peterson, in a statement. “We are delighted to become part of Microchip Technology, a premier company in the semiconductor industry.”
The acquisition comes after Microchip had the most successful year in the company’s history during 2017. It reached $1 billion in sales during a single quarter for the first time in November.
Sanghi was chosen overwhelmingly as the Phoenix Business Journal’s Business Person of the Year for 2017 in an online poll because of the company’s successful year after year.
Sanghi has lead Microchip through its fast growth, acquiring 21 companies in the past, with 18 of those in just the past decade.
Microchip bought San Jose-based Atmel Corp. last year for $3.56 billion, which was previously its largest acquisition.
Microchip also bought San Jose-based Micrel Inc. in August 2015 in an $839 million deal. This acquisition expanded Microchip’s solutions for industrial, automotive and communications markets.
This latest acquisition will bring Microchip an estimated $300 million as a result of combining efforts by the third year after the close of transaction, according to Microchip.
Microchip plans to finance the transaction with $1.6 billion of cash from the combined company balance sheets, $3 billion from Microchip’s existing line of credit, $5 billion in new debt and $600 million of a cash bridge loan, according to the company.
Both companies’ boards of directors unanimously approved the acquisition.
The deal is subject to approval by Microsemi stockholders, customary regulatory approvals and other closing conditions.
The acquisition is expected to close during the second quarter of the year.
J.P. Morgan is acting as Microchip’s exclusive financial adviser and is providing $5.6 billion in committed financing, according to Microchip.
Microchip’s stock closed trading today at $89.02, which is closer to its 52-week high of $99.17 than its low of $71.40. SEE IT ALL: https://www.bizjournals.com/phoenix/news/2018/03/01/microchip-announces-its-largest-acquisition-yet-a.html?ana=e_ae_set1&s=article_du&ed=2018-03-03&u=lQ2E7queaIzizvtydl7vaENwvei&t=1520227729&j=80304171
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me walterunger@ccim.net
KASTEN LONG Commercial Group and AMA Events, Resources & Education For Apartment Owners
Timeline of Arizona from 900 BC – 2017
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
FROM ME:
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME 520-975-5207 OR E-MAIL ME walterunger@ccim.net
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me walterunger@ccim.net
CLICK HERE for Map of Apartments Under Construction or in Pipeline.
WEEKLY APARTMENT CLOSING UPDATE THROUGH February 23, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH February 16, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH February 9, 2018/ Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH February 2, 2018/ Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH January 25, 2018/ Phoenix Arizona Metro.
8 Reasons You Should Invest in Land
Timeline of Arizona from 900 BC – 2017
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
ARIZONA FACTS – YEAR 1848 TO 2013
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
Click here to View My Listings and Profile
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Click here to view my website:
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Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
1-520-975-5207
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Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Direct: 520-975-5207
Fax: 602-865-7461
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