ATML Jumps with Takeover Offer
Shares of Atmel (ATML - Analyst Report) jumped more than 29% so far today after the company received a $2.3 billion takeover proposal from Microchip Technology (MCHP - Analyst Report) and ON Semiconductor (ONNN - Analyst Report). This deal represents a 52.4 percent premium to ATML's closing price of $3.28 on Wednesday. Analysts have pulled back on estimates for this year by a penny in the last couple of months.
|
|
|
Share |
RSS |
Rate Pos |
Rate Neg |
Comment |
|
|
||||||
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
- Free Four Zacks #1 Rank "Strong Buy" Stocks
- Free Timely Market Commentary
- Free Wealth Management Tips
- Free Profitable Strategy Screens
- Free Bull and Bear Stocks of the Day
Zacks FREE Registration
X Close
Loading Stories...Most Popular on Zacks.com
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
More Zacks Links
| Market Summary | Nov 26, 2009 08:50 am ET |
Sponsored Links

Sponsored Links 
0.00 %
-0.23 %

30.69
[CLICK TO CLOSE X]