Merger Monday is still in effect this week, despite the deal being smaller than investors are accustomed to.
Shares of Actel Corporation ACTL are up 30% to $20.94, a gain of $4.92 today.
Earlier this morning, Microsemi Corp. MSCC announced it was acquiring Actel for a 30% premium to Friday's close, or $430 million in cash.
Shares of Microsemi are higher today as well, gaining nearly 8% to $18.47, a gain of $1.36.
Microsemi designs, manufactures, and markets high performance analog and mixed-signal integrated circuits (IC) and semiconductors.
Actel designs, develops, and markets flash- and antifuse-based field-programmable gate arrays (FPGAs). It offers a range of single-chip, flash-based solutions.
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