Microchip Technology To Buy Standard Microsystems For $37/share In Cash

Posted Wednesday, May 02, 2012 -
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Microchip Technology Inc. (MCHP), a provider of microcontroller, analog and Flash-IP solutions, on Wednesday agreed to buy Standard Microsystems Corp. (SMSC) for $37 per share in cash as it aims to expand smart connectivity solutions for embedded markets. Standard shares climbed around 39 percent in pre-market activity on the Nasdaq.view original article

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