Deals
Microchip Said to Be Reconsidering Offer to Acquire Atmel
- Target's disappointing quarterly sales said to raise concerns
- Atmel already has binding deal to be bought by Dialog
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Microchip Technology Inc. is reconsidering its interest in Atmel Corp. after Atmel’s business struggled in the fourth quarter, according to a person with knowledge of the situation.
Atmel, based in San Jose, California, received an unsolicited offer from an unnamed buyer in December, according to a statement at the time. That suitor was Microchip, according to two people familiar with the matter, who asked not to be identified because the information is private.