Subsequent Event

12 Months Ended

Sep. 27, 2015

Subsequent Events [Abstract]

Subsequent Event

Note 17 Subsequent Event

On October 30, 2015, we announced a proposal to acquire PMC-Sierra, Inc. ("PMC") in a cash and stock transaction. Under the terms of our proposal, PMC shareholders would receive $9.04 in cash and 0.0771x of a Microsemi common share for each PMC common share held at the close of the transaction. The implied enterprise value is $2.3 billion, net of PMC’s net cash balance as of September 27, 2015. On November 1, 2015, PMC announced its board of directors had determined our proposal was not superior to an existing arrangement between PMC and Skyworks Solutions, Inc. ("Skyworks"). On November 2, 2015, we issued a press release reiterating the benefits of our proposal. On November 10, 2015, we issued a press release announcing that we had been informed that PMC's board of directors had deemed our reiterated proposal, which we submitted on November 9, 2015, a "Superior Proposal" under the terms of PMC's existing agreement with Skyworks, and that PMC has given written notice to Skyworks of its intent to approve or recommend the Microsemi proposal. As a result, PMC will be entitled to approve or recommend the Microsemi proposal if Skyworks does not make, within three business days following the receipt of the notice, a proposal that would cause the proposal received from Microsemi to no longer constitute a "Superior Proposal."