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Microchip Technology Announces That its Proposal to Acquire Atmel Has Been Deemed a "Superior Proposal" By Atmel's Board of Directors

2016-01-19 11:31:07| Industrial Newsroom - All News for Today

CHANDLER, Ariz.  Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions today announced that it was informed last night that the Board of Directors of Atmel Corporation (NASDAQ: ATML) had determined that Microchip's proposal to acquire...

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Atmel Says Microchip Offer Superior to Dialog Semiconductor

2016-01-14 15:09:00| Electronics - Topix.net

Atmel Corp.'s board said an unsolicited bid from Microchip Technology Inc. is a "superior proposal" to the terms of the merger agreement it had signed with Dialog Semiconductor Plc last year. The binding offer from Microchip is for $8.15 a share, with $7 in cash and a fraction of a share of Microchip common stock valued at $1.15 based on a 10-day average closing price, Atmel said in a statement Wednesday.

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Atmel deems $8.15/share Microchip offer superior to Dialog's

2016-01-13 16:09:18| Semiconductors - Topix.net

Microchip has "delivered a binding acquisition agreement" to Atmel that calls for acquiring Atmel for $7/share in cash + $1.15/share in Microchip stock. Altogether, Microchip would issue 13M+ shares.

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Xchanging Urges Shareholders to Accept CSC Bid; No Superior Bid Expected

2016-01-11 10:03:42| IT Services - Topix.net

Outsourcing company Xchanging Plc said it did not expect a superior cash offer from Ebix Inc and urged shareholders to accept a bid from U.S.-based Computer Sciences Corp. Insurance software company Ebix had in November made a 450 million pound takeover approach for Xchanging, which offers services ranging from back-office invoice processing to insurance claims settlement. Ebix has not confirmed that it will be able to make a superior offer or provided evidence that it would be able to finance such an offer, Xchanging said.

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Fairchild says China Resources offer seen 'superior' to ON

2016-01-06 02:48:40| Electronics - Topix.net

Fairchild Semiconductor International said a revised takeover proposal from a group led by China Resources Holdings and Hua Capital Management would "reasonably be expected" to lead to a "superior" offer for the company. The board's decision opens the door for the two groups to start talking to each other, the San Jose-based semiconductor company said in a statement Tuesday.

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