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Elantec Semiconductor Inc., of Milpitas, is being bought for about $1.4 billion by Intersil Corp. of Irvine. The deal is a combination of cash and Intersil stock.
Elantec shareholders will receive 1.24 shares of Intersil stock and $8 in cash for each Elantec share. Based on Intersil's closing price of $36.65 per share on March 8, the implied transaction exchange ratio is 1.458 shares...
