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Dialog declines to raise bid for Atmel

2016-01-15 09:56:00| Telecompaper Headlines

(Telecompaper) Dialog Semiconductor has decided not to raise its bid for Atmel, acknowledging that a rival bid from Microchip Technology was superior and that a higher bid was not in the interests of its shareholders. Under the merger agreement that was signed between Atmel and Dialog, Atmel will have to pay a termination fee of USD 137.3 million.

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