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Skyworks, rival agree to revised deal

  December 01, 2011

Woburn’s Skyworks Solutions Inc. said it will buy smaller rival Advanced Analogic Technologies for $5.80 a share in cash, a price lower than its original offer, ending a monthslong standoff between the chipmakers. Skyworks had in May agreed to buy AATI for $258.6 million, or $6.05 a share, in a cash and stock deal but had threatened to walk in September saying it was not given access to certain financial information. Analysts said Skyworks has had its eye on AATI’s power management technology, which helps extend battery life in smartphones and tablets.

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