Microchip Technology ($MCHP) announced preliminary
Post# of 64202
Posted On: 01/20/2016 9:23:37 AM
Microchip Technology ($MCHP) announced preliminary third quarter results, expecting net sales of $552 million and earnings per share of 62-63 cents per share. The results exceeded estimates. Separately, the company announced a deal to buy Atmel ($ATML) for $8.15 per share, consisting of $7 per share in cash and $1.15 per share in Microchip common stock. The total deal value is $3.56 billion.
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