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Stock Market & Financial Investment News

News Breaks
July 7, 2014
08:01 EDTATMLAtmel to acquire Newport Media for $140M
Atmel announced that it has signed a definitive agreement to acquire Newport Media, a provider of high performance low power Wi-Fi and Bluetooth solutions. The purchase price is $140M cash, subject to working capital adjustments, plus an additional earn-out of up to $30M to be paid subject to achievement of future revenue thresholds over two years. The transaction is subject to customary closing conditions, including anti-trust review, and is expected to close during the third calendar quarter. Atmel will fund the transaction with cash on hand and borrowings under its existing credit facility. NMI recorded $43M in annual revenue during 2013 and the acquisition is expected to be accretive to Atmel's non-GAAP financials in the second half of 2015.
News For ATML From The Last 14 Days
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December 19, 2014
10:17 EDTATMLOn The Fly: Analyst Downgrade Summary
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07:43 EDTATMLAtmel downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Atmel to Underperform based on valuation and inconsistent execution. Price target remains $8.
December 18, 2014
10:01 EDTATMLOn The Fly: Analyst Initiation Summary
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08:45 EDTATMLAtmel initiated with an Equal Weight at Stephens
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December 9, 2014
07:41 EDTATMLBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link

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