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Microchip Technology Announces That Its Proposal To Acquire Atmel Has Been Deemed….

Microchip’s  proposal to acquire Atmel for $8.15 per share in a cash and stock transaction constitutes a “Superior Proposal” under the terms of Atmel’s merger agreement with Dialog Semiconductor PLC.

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Previously Dialog was trying to acquire ATMEL, now it looks like it might be Microchip.