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Stock Market & Financial Investment News

News Breaks
June 6, 2012
16:32 EDTSMSC, MCHPMicrochip receives U.S. antitrust clearance for SMSC acquisition
Microchip Technology (MCHP) announced that, in connection with the previously announced definitive agreement under which Microchip will acquire Standard Microsystems (SMSC), Microchip and SMSC were granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 on May 18. Microchip also announced that the required non-U.S. filings for pre-closing antitrust clearance applicable to the merger have been submitted. The required filings were submitted in China on May 23 in Germany on May 24, in Korea on May 31, and in Turkey on June 4. Completion of the merger remains subject to antitrust clearance in these countries, along with certain other closing conditions, including approval by SMSC stockholders of the merger. The special meeting of SMSC stockholders to approve the merger will be held on July 10. Microchip continues to expect that the transaction will close in the third calendar quarter of 2012.
News For MCHP;SMSC From The Last 14 Days
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August 27, 2015
05:53 EDTMCHPIC demand for notebooks picking up, DigiTimes reports
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August 26, 2015
08:45 EDTMCHPSemiconductor stock risk/reward positive, says Citi
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August 24, 2015
08:28 EDTMCHPMicrochip downgraded to Hold from Buy at Drexel Hamilton
Drexel Hamilton downgraded Microchip and lowered its price target to $40 from $48. The firm said reduced business confidence will likely result in continued weakness in orders and visibility

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