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Microchip technology $3.6 billion takeover of Atmel
Time£º2016/1/21 9:13:50

On January 20, according to the New York times reported that the manufacturers of chip micro core Technology (Microchip Technology) announced a $3.6 billion deal to buy the counterpart Atmel, gaining merger wave in the semiconductor industry. Chip makers have been combined in order to reduce costs and expand.

The microchip technology in May 2015 to $839 million for Micrel chip manufacturers, with a history of 37 years in 2014 to $394 million for Supertex, bought 2013 private holding company EqcoLogic of Brussels. And microchip technology, other chip companies joined buying spree, such as Mr Anwar high-tech $37 billion bid for broadcom to create biggest semiconductor industry mergers and acquisitions at a time.

Microchip technology, President and CEO Steve sanchi (Steve Sanghi) said: "with the integration of the semiconductor industry, the science and technology core through a series of acquisitions implemented a very successful integration strategy, compared with the endogenous growth, over the past few years have doubled our revenue growth." For a merger with microchip technology, Atmel ended with Dialog Semiconductor merger agreement, and paid $137.3 million in the termination of gold.

Atmel, President and CEO Steven's cloth (Steven Laub), said the merger with microchip technology shareholders can obtain a higher proportion of cash, and "stock higher rising opportunity." In accordance with the agreement, Atmel shareholders can get $7 per share in cash. The Dialog provides only $4.65 per share in cash.

Microchip technology also announced that the company's board of directors will share buyback amount increased from $11.4 million to $15 million, and plans to buy back shares issued by Atmel. The deal will generate $170 million in April 2018, 1 cost savings and revenue growth. Jpmorgan chase in trading as the core technology of financial advisers, and Qatalyst Partners, an adviser to Atmel.