General Purpose Semiconductors | Milpitas, CA | Corporate Acquisition
Circuit protection provider Littelfuse has agreed to acquire IXYS in a cash-and-stock transaction with an equity value of about $750 million and an enterprise value of around $655 million. IXYS is a developer of semiconductors for various applications. The combined business anticipates approximately $1.5 billion in annual revenue. Shares of IXYS (NASDAQ: IXYS) jumped more than 40% in the wake of the deal.