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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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July 29, 2015
09:26 EDTATMLAtmel downgraded to Neutral from Buy at Dougherty
July 28, 2015
19:10 EDTATMLOn The Fly: After Hours Movers
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16:33 EDTATMLAtmel sees Q3 revenue $283M-$303M , consensus $336.82M
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16:31 EDTATMLAtmel reports Q2 EPS 8c, consensus 10c
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16:27 EDTATMLAtmel trading halted, news pending
15:21 EDTATMLNotable companies reporting after market close
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