Ron Burgundy Posted January 13, 2016 Share Posted January 13, 2016 U.S. chipmaker Atmel Corp said it considered Microchip Technology Inc's $3.42 billion cash-and-stock proposal superior to an offer from Dialog Semiconductor Plc. Atmel said on Wednesday that Microchip had offered $7.00 per share in cash and $1.15 in Microchip stock, totaling $8.15 per share. Atmel shares rose 3.8 percent to $7.97 in afternoon trading, while Microchip's shares were up 3.3 at $43.25. Dialog's shares, which have slumped 42 percent since its agreement with Atmel in September, jumped more than 14 percent in Frankfurt. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.