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You would think so, and I hope so, but it does not always go that way.Why would you jump to that conclusion? The acquirer would want to service the installed base for 2.3 billion. Shutting it down would make no sense at all.
Sounds more like Microchip is a little scared of the restructuring of Atmel. Got a hunch they'll be getting a polite 'no' response. I think the restructuring was intended for growth, not desperation. Some rough times are expected, doubt Atmel is hurting enough to even consider selling.
Kinda makes me sad when this sort of thing happens. Reminds me of the time Ericsson bought out a few division from my last company. Many layoffs ensued...
With Atmel trading at 5 points a share they must be in trouble. I always thought they were a pretty strong company, but it seems that the market is rough for everyone.