Micrel, Inc. MCRL,
today announced it has signed a definitive agreement to acquire a
controlling interest in PhaseLink Company Limited, a private company based in
Taiwan and Silicon Valley. The acquisition is intended to complement Micrel's
high performance clock generation and distribution products for the
communication market, as well as expand its offerings into the consumer and
industrial markets. The transaction is expected to close in the second
quarter of 2012. Micrel currently expects the acquisition to be dilutive to
earnings per share by approximately $0.02 per share on a non-GAAP basis in
2012 and accretive within 18 months of closing. Micrel expects to operate
PhaseLink as a wholly owned subsidiary.
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