Atmel to Review Unsolicited Proposal from Microchip and ON Semiconductor
02 Outubro 2008 - 11:38AM
PR Newswire (US)
SAN JOSE, Calif., Oct. 2 /PRNewswire-FirstCall/ -- Atmel(R)
Corporation (NASDAQ:ATML) today confirmed that it has received an
unsolicited proposal from Microchip Technology Inc. (NASDAQ:MCHP)
and ON Semiconductor (NASDAQ: ONNN) to engage in negotiations for a
three-way agreement to acquire Atmel at $5.00 per share, subject to
conditions, including the sale of assets, due diligence, and
financing. Atmel's Board of Directors, consistent with its
fiduciary duties and in consultation with its independent financial
and legal advisors, will review and consider the proposal in due
course. Morgan Stanley and Credit Suisse are serving as financial
advisors, and Wachtell, Lipton Rosen & Katz is serving as legal
counsel to Atmel. About Atmel Atmel is a worldwide leader in the
design and manufacture of microcontrollers, advanced logic,
mixed-signal, nonvolatile memory and radio frequency (RF)
components. Leveraging one of the industry's broadest intellectual
property (IP) technology portfolios, Atmel provides the electronics
industry with complete system solutions focused on consumer,
industrial, security, communications, computing and automotive
markets. Investor Contact: Media Contact: Robert Pursel Barrett
Golden / Sharon Stern Director of Investor Relations Joele Frank,
Wilkinson Brimmer Katcher 408-487-2677 212-355-4449 DATASOURCE:
Atmel CONTACT: Investors, Robert Pursel, Director of Investor
Relations of Atmel, +1-408-487-2677; Media, Barrett Golden, or
Sharon Stern both of Joele Frank, Wilkinson Brimmer Katcher,
+1-212-355-4449
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