Needham & Company Upgrades Microchip Technology (MCHP) to Buy
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January 19, 2016 4:45 PM EST
Microchip Technology Incorporated (NASDAQ: MCHP) announced preliminary results for its third quarter of fiscal year 2016, as follows:
Microchip Consolidated Guidance - Non-GAAP
(provided on November 4, 2015)
Non-GAAP
...
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January 19, 2016 4:44 PM EST
Microchip Technology Incorporated (NASDAQ: MCHP) and Atmel Corporation (NASDAQ: ATML) announced that Microchip has signed a definitive agreement to acquire Atmel for $8.15 per share in a combination of cash and Microchip common stock. The acquisition price represents a total equity value of about $3.56 billion, and a total enterprise value of about $3.40 billion, after excluding Atmel's cash and investments net of debt on its balance sheet of approximately $155.0 million at December 31, 2015.
"We are delighted to welcome Atmel employees to Microchip and look forward to closing the... More
January 14, 2016 9:29 AM EST
Wedbush maintained a Neutral rating on Atmel (NASDAQ: ATML), and cut the price target to $8.00 (from $9.00), as the company's Board determines that Microchip Technology's (NASDAQ: MCHP) proposal to acquire ATML constitutes a "Superior Proposal" to its merger... More
