Microchip Technology to Acquire Atmel
- Creates Microcontroller, Analog and IOT Powerhouse
- Immediately accretive to non-GAAP earnings per share
- Estimated $170 million in synergies in fiscal year 2019 that begins on April 1, 2018
Chandler, Arizona and San Jose, California – January 19, 2016 – Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, and Atmel Corporation (NASDAQ: ATML) today 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 … Read More → "Microchip Technology to Acquire Atmel"

