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June 26, 2012
09:27 EDTSMSC, MCHPStandard Microsystems, Microchip Tech to settle class-action suits
On June 22, Standard Microsystems (SMSC) and Microchip Technology (MCHP) received notice of clearance from the Korea Fair Trade Commission, the relevant antitrust authority in Korea with respect to the transaction proposed in the Agreement and Plan of Merger, dated as of May 1, among Microchip, a Delaware corporation, Microchip Technology Management Co., a Delaware corporation and a wholly-owned subsidiary of Microchip, and the Company, pursuant to which Merger Sub will merge with and into SMSC, with SMSC surviving as a wholly-owned subsidiary of Microchip. The parties previously received antitrust clearance in the United States on May 18 and in Germany on June 12. The parties await the receipt of additional antitrust clearances in China and Turkey. On June 25, the Company and Microchip entered into a memorandum of understanding with the plaintiffs in certain class action lawsuits filed on behalf of SMSCís stockholders regarding the settlement of those class action lawsuits that were filed following the announcement of the Merger Agreement. The settlement provides that the Defendants deny that they engaged in any wrongdoing, committed any violation of law or acted improperly in any way, and believe that they acted properly at all times and that the Litigation has no merit, but wish to settle the Litigation in order to eliminate the distraction of further litigation.
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August 29, 2014
19:02 EDTMCHPMicrochip Technology confirms talks with CSR on possible acquisition
Microchip Technology (MCHP) announces that, further to its announcement of August 28, that it has had preliminary mutual discussions with CSR plc (CSRE) regarding ways in which its relationship with CSR could be advanced, including possibly an acquisition of CSR, any offer for CSR is likely to be solely in cash, although Microchip reserves the right to vary the form of the consideration in any offer if one were to be made.
11:07 EDTMCHPHigh option volume stocks
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August 28, 2014
18:13 EDTMCHPOn The Fly: After Hours Movers
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17:46 EDTMCHPMicrochip Technology confirms preliminary discussions with CSR plc
Microchip Technology Incorporated (MCHP) announced that it has had preliminary mutual discussions with CSR plc (CSRE) regarding ways in which its relationship with CSR could be advanced, including possibly an acquisition of CSR, a leading provider of AV, connectivity and location technology. Microchip and CSR have worked together on business initiatives in the past, such as a Bluetooth module initiative. The discussions between the parties are at a very preliminary stage and there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made, or that any other type of transaction will be entered into with CSR or as to the terms, structure or form of any such transaction.
15:03 EDTMCHPCSR a potential target for TI, Broadcom after spurning Microchip, Bloomberg says
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11:44 EDTMCHPCSR surges after confirming rejection of Microchip takeover offer
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06:12 EDTMCHPCSR rejects offer from Microchip
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