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Atmel (ATML) stock declined on Monday after the company reported its 2015 fourth quarter results.
Chipmaker Atmel would be due a termination fee if the merger with Microchip Technology fails to secure antitrust approval.
More consolidation is expected in semiconductors, especially among telecom suppliers not overly dependent on Apple
Stocks recover from brutal session lows by mid-afternoon Wednesday, though remain in the red as a massive selloff in crude oil prices spooks traders.
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