August 28, 2017 / 10:16 AM / a month ago

Chipmaker Littelfuse to buy IXYS for $750 million

Aug 28 (Reuters) - Chipmaker Littelfuse Inc said on Monday it would buy peer IXYS Corp for about $750 million in cash and stock.

IXYS shareholders can elect to receive either $23 in cash per share or 0.1265 of a share of Littelfuse common stock.

The deal value of $23 per share, represents a premium of 44 percent to IXYS’s close on Friday. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)

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