PMC-Sierra, Inc. Acquires Datum Telegraphic Inc.

PMC-Sierra, Inc. (PMC), a Nasdaq listed United States communications chip manufacturer, completed the acquisition of Datum Telegraphic Inc. (Datum), a Vancouver, British Columbia-based wireless semiconductor company, on Friday, July 21, 2000. The acquisition of Datum, which has developed a patented power amplifier linearization technology, is expected to contribute to PMC’s expanding portfolio of 3G wireless solutions. PMC paid a total of approximately US$128.8 million for the 92 per cent of the common shares of Datum that it did not already own through the issuance of cash and shares of PMC Common Stock.

Blake, Cassels & Graydon LLP is Canadian counsel to PMC with a team led by Geoff Belsher (corporate) and which included Paul Tamaki (tax), Troy Moller (corporate) and Tamara Howarth (securities). US counsel to PMC is Neil Wolff of Wilson Sonsini Goodrich & Rosati. Bull, Housser & Tupper is Canadian counsel to Datum and certain of its shareholders with a team led by George Burke (corporate) and which included William McFetridge (corporate), Chris Speakman (tax), Marion Shaw (securities) and Sharon Dos Remedios (corporate). US counsel to Datum was Randy Jones of Dorsey & Whitney LLP.