Reuters exclusively reported on October 29 that chipmaker ON Semiconductor Corp has reached out to private equity firms, including TPG, about a potential cash infusion to help fund the purchase of some assets of Atmel Corp. The Reuters story was picked up by New York Times` Dealbook and other blogs. Atmel shares rose 2 percent in extended trading after the Reuters headlines. A Wedbush Morgan analyst included details from the Reuters report in his research note. The following day, ON Semi shares fell 5.2 percent, while Atmel shares surged more than 11 percent.
Atmel shares jump after Reuters exclusive on ON deal
29 October 2008, 12:00 am. 1 minute
Type: Reuters Best
More of Reuters Best
April 09, 2021
March 29, 2021