Skyworks Solutions has lately announced the acquisition of Avnera Corporation – a major developer of Analog System on Chips (ASoCs). Skyworks and Avnera entered into a definitive agreement on August 3, 2018.
Per the terms of the agreement, Skyworks paid cash for the acquisition, which was approved by the boards of directors of both Skyworks and Avnera. Excluding any non-recurring acquisition-related charges and amortization of intangibles, Skyworks expects the acquisition to be immediately accretive to diluted earnings per share.
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