Microchip Undercuts Apple Supplier Dialog For Atmel

By | January 15, 2016

Scalper1 News

Microchip Technology (MCHP) has won an eight-year battle to buy chipmaker Atmel (ATML), ousting British Apple (AAPL) supplier Dialog Semiconductor with a $3.5 billion “superior proposal.” Dialog said Thursday that it wouldn’t up its $4.6 billion offer for San Jose, Calif.-based Atmel. In September, Dialog bid $10.42 per share — equating to $4.65 in cash and 0.112 of a Dialog American depositary receipt for each share of Atmel owned. Under Scalper1 News

Scalper1 News