Dialog Shares Slump After $4.6 Billion Deal to Acquire Atmel

Updated on
  • Cash, stock offer 43% more than Atmel's closing price Friday
  • Dialog moves on after merger with AMS collapsed last year

Dialog Semiconductor Plc fell the most in nine years in Frankfurt trading after agreeing to buy Atmel Corp. for about $4.6 billion -- more than its own market value -- to expand into the automotive industry and everyday objects that are increasingly connected to the Internet.

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