On May 29, 2018, Microchip Technology Incorporated acquired all of the outstanding stock of Microsemi Corporation in exchange for $8.19 billion in cash to the stockholders of Microsemi. Referring to Microchips March 31, 2019 financial statements and any media coverage, answer the following questions regarding the Microsemi acquisition.

Why did Microchip acquire Microsemi?Explain

What accounting method was used, and for what amount, to record the acquisition?Explain

What amount did Microchip include in precombination service compensation (for acquisition-related equity awards) in the total consideration transferred? What support is provided for this treatment in the Accounting Standards Codification (see ASC 805-30-30, paragraphs 9-13)?Explain