Dialog Semiconductor to Buy Atmel for 4.6 Billion

German chipmaker company Dialog Semiconductor said on Sunday that they have agreed to buy U.S. rival Atmel for about $4.6 billion. Dialog said Atmel shareholders would receive $4.65 in cash and “0.112 of a Dialog Semiconductor American Depository Share for each Atmel common share”, resulting in the “economic equivalent” of $10.42 per Atmel share based on Dialog’s closing price as of Sept. 18. On Friday, shares in Dialog closed at 45.325 euros apiece, while Atmel shares closed at $7.27. Source wochit Business

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