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Chip company Dialog Semiconductor has agreed to buy Atmel Corporation (ATML) in a $4.6 billion cash-and-stock deal.
The $4.4 billion transaction will reduce the buyer's dependence on Apple and other smartphone makers and create revenue opportunities in the 'Internet of things' and automotive sectors.
Stocks surge on Monday, following declines of more than 1% to end last week.
The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Atmel Corporation stock prior to September 21, 2015 .
U.S. stocks opened higher Monday as markets try to recover from the worst day in two weeks Friday.
Stock futures set up for a rebound on Monday morning, following declines of more than 1% on Friday.
Atmel (ATML) stock is gaining in pre-market trading after the company agreed to be acquired by Dialog Semiconductor (DLGNF) for $4.6 billion.
Trade-Ideas LLC identified Atmel (ATML) as a pre-market mover with heavy volume candidate
U.S. stock futures are rising Monday though global shares are mixed as the Federal Reserve's decision last week not to raise interest rates adds to concerns over global growth.
But you have to remain open-minded to the possibilities out there.
Greece's Prime Minister Alexis Tsipras and the left-wing Syriza party secured a re-election win Sunday and are now expected to implement the austerity bailout program signed this summer.
The Deal flagged Atmel as a potential target back in March, noting it could get caught in a wave of consolidation changing the chipmaking landscape.
With the Fed kerfuffle behind us, we scan the horizon for new names to add to the model portfolio.
The Dow and S&P 500 both dropped by less than 1% Thursday.
Trade-Ideas LLC identified Atmel (ATML) as a weak on high relative volume candidate
Atmel (ATML) stock is down on speculation the company is in talks to be acquired by China Electronics.
This week in the model portfolio: Adding to a position here, closing a position there, booking profits in between.
As market volatility persists, dropping one holding from model portfolio makes room for more.
We used the weakness on Monday to add to our positions in McDermott and Atmel.
Atmel (ATML) shares are rising after the company announced that it was extending the retirement date of its CEO as it looks to complete an internal audit.
Vantage Drilling, Pacific Sunwear and Atmel are today's big winners in the portfolio.
Trade-Ideas LLC identified Atmel (ATML) as a "dead cat bounce" (down big yesterday but up big today) candidate
After a frenzied week, we're circling the wagons and staying on the lookout for attractive buys.
Intel CEO Brian Krzanich shows off plans for new connected, personal products based on the chip giant's Internet of Things philosophy at its annual developers' forum.
Here are Friday's top research calls, including upgrades of DuPont and Navistar.
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