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Atmel (ATML) stock gapped up by double digits Monday after Apple (AAPL) chipmaker Dialog Semiconductor announced a $4.6 billion plan to acquire the Silicon Valley chip gear maker. FBR analyst Christopher Rolland predicted the acquisition in June. “We deemed Atmel our No. 1 takeout candidate, with 61% higher 2016 EPS expected once these synergies are realized,” he wrote in a research report Monday. The $4.6 billion offer, which equates to $10.42 Scalper1 News
Scalper1 News