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Street Frowns on Hostile Fight for Atmel

Stock quotes in this article: MCHP , ATML , ONNN  

SAN FRANCISCO -- The tech industry's recent track record of unsolicited acquisition offers isn't inspiring.

But Microchip Technology(MCHP Quote) and On Semiconductor(ONNN Quote) don't seem fazed.

The two chipmakers raised the stakes in their joint pursuit of Atmel(ATML Quote) Wednesday by announcing a plan to oust Atmel's board and replace it with a crew more amenable to a deal. ...

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