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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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August 21, 2014
08:14 EDTATMLAtmel, Fairchild potential takeover candidates, says FBR Capital
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August 8, 2014
09:56 EDTATMLAtmel resumed with a Hold at Canaccord
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