Dialog's Share Decline Makes Counterbid for Atmel More Likely

  • Investors disapprove of premium, funding with debt and stock
  • Atmel had received `very substantial interest,' says CEO

Dialog Semiconductor Plc’s shares slumped 19 percent after the chipmaker unveiled a cash-and-stock deal to buy rival Atmel Corp., reducing the value of its offer and raising the chances that another potential buyer might step in with a counterbid.

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