Skyworks Solutions Inc. announced a $400 million stock repurchase plan Tuesday afternoon. The new program replaces a $300 million share-buyback plan that had $62.6 million remaining, the analog semiconductor manufacturer said. Skyworks is in a battle with Microsemi Corp. [s:mscc] to acquire competitor PMC-Sierra Inc. , with Microsemi saying Tuesday morning that PMC-Sierra had declared the Microsemi bid superior. Skyworks stock gained 0.6% in late trading Tuesday after falling 5.3% in the regular session.
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