Dialog shareholders approve allocation of shares to complete Atmel takeover Dialog Semiconductor (DLGNF) announced that at an extraordinary general meeting of shareholders held today, the Dialog shareholders have approved the allocation of shares required to complete the company's previously announced acquisition of Atmel Corporation (ATML). The resolution was approved by a vote of 61.94% of the shares represented at the meeting. The transaction remains subject to approval of Atmel's stockholders and other customary conditions. The parties continue to expect completion of the transaction during the first quarter of 2016.
Elliott increases stake in Dialog Semiconductor to 5% Elliott International issued a letter to shareholders of Dialog Semiconductor (DLGNF) informing them that they increased its interest in the company to 5% and urges shareholders to vote AGAINST the company's agreement to acquire Atmel (ATML).
Dialog says Atmel deal cleared in U.S., Germany, Bloomberg says Dialog Semiconductor (DLGNF) said it has earned clearance from German and U.S. authorities for its $4.6B takeover of Atmel (ATML), Bloomberg reports.The U.S. DoJ and FTC have given early termination of the waiting period for the transaction, and Germany's Federal Cartel Office has provided notification that the deal has been approved to proceed, the report says. Reference Link