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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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May 22, 2015
08:56 EDTMCHPJefferies to hold a field trip
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May 15, 2015
08:13 EDTMCHPJefferies ups view on Semis to Positive from Negative
Jefferies upped its view on the Semiconductors space to Positive from Negative after hosting a dozen companies at its annual conference in Miami. The firm notes that most companies noted an "OK" demand environment, which it views as supporting its thesis that the recent inventory correction and lower capex has created a "great opportunity" to add to Semi positions. After meeting with management, Jefferies has increased conviction that NXP Semiconductors (NXPI) will soon sell its HPRF business and return to its stock buyback program before most expect. It has Buy ratings on AMD (AMD), Microchip (MCHP), NXP and Texas Instruments (TXN).
May 13, 2015
08:11 EDTMCHPGeneral Motors and Toyota implement Microchip's infotainment networking devices
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