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Home › News › Microchip Technology and ON Semiconductor...

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Microchip Technology and ON Semiconductor propose to acquire Atmel

$5.00 per share in cash; premium of 52.4%

Publication date: 7 October 2008

Microchip Technology and ON Semiconductor propose to acquire Atmel

On October 2, 2008, Microchip Technology Incorporated and ON Semiconductor Corporation jointly announced that they have sent a proposal to the Board of Directors of Atmel Corporation to acquire Atmel for $5.00 per share in cash.  The proposal, which is being led by Microchip, provides a premium of 52.4% to Atmel’s closing price of $3.28 on October 1, 2008, and values Atmel at $2.3 billion.

Source: Naiper Partnetrship Ltd.

Author
JB



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