FBR Capital Downgrades Atmel (ATML) to Market Perform Amid Takeover

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Dialog Semiconductor to acquire Atmel for $4.6 Billion

September 20, 2015 12:17 PM EDT

LONDON and SAN JOSE, Calif., Sept. 20, 2015 /PRNewswire/ -- Dialog Semiconductor (XTRA: DLG) and Atmel Corporation (NASDAQ: ATML) announced today that Dialog has agreed to acquire Atmel in a cash and stock transaction for total consideration of approximately $4.6 billion. The acquisition creates a global leader in both Power Management (2) and Embedded Processing solutions. The transaction results in a fast growing and innovative powerhouse, supporting Mobile Power, IoT and Automotive customers. The combined company will address an attractive, fast growing market opportunity of approximately $20 billion by 2019. ... More