Elliott’s Agitation at Dialog May Have Little Influence on European Shareholders

Elliott’s letter to Dialog Semiconductor shareholders urging investors to vote no on a share issuance that would allow the U.K.-based chipmaker to acquire Atmel may have little effect on a European investor base, said a hedge fund source and sell-side analyst. “Dialog management is a well-respected team who has a good relationship with its holders,” … Read Morefeatured

Small Base of Dialog Shareholders Influenced by Opposing ISS and PIRC Recommendations

Only a small percentage of Dialog Semiconductor shareholders are influenced by recent recommendations from proxy advisors on how to vote on the U.K.-based chipmakers’ share issuance to help fund the acquisition of Atmel, said a source familiar with the matter. The vote is November 19. Less than 10%, “a tiny fraction,” of shareholders are influenced … Read Morefeatured

Atmel Investors Likely to Vote for Dialog Deal

Despite recent published speculation to the contrary, Atmel investors will likely vote for Dialog’s buyout if no one else makes a higher offer for the California-based chipmaker, said two hedge fund sources. These sources thought that Dialog shareholders had a higher risk of failing to approve the share issuance to help pay for the Atmel acquisition … Read Morefeatured

CFIUS Could Delay Western Digital’s Closing of SanDisk Acquisition

A review by the Committee on Foreign Investment in the U.S. could delay Western Digital’s acquisition of SanDisk, said a hedge fund investor and a sell-side analyst. Both professionals pointed out that Unisplendour’s announcement that it would purchase a 15% stake in Western Digital lastfeatured

Despite Doubts Dialog’s Atmel Aquisition Expected to Complete

M&A activity in the semiconductor industry has been robust year to date and shows no signs of slowing down. At the frenzied pace of consolidation thus far, some 32% of all U.S. publicly traded semiconductor companies would be acquired in 2015, according to FBR. In the first half of the year, the value of deals … Read Morefeatured

Qualcomm Still Contemplating Split

Qualcomm is still considering splitting up the company, a source connected to Qualcomm tells CTFN. “The company’s position is the same as announced on July 22.” Late last week, Qualcomm president Derek Aberle told Reuters that splitting Qualcomm into two companies, one focused onfeatured

JANA Pushes Case for Qualcomm Separation

May 11, 2015 – by Gary M. Stern – Mired in a stock slump, Qualcomm is facing a shake-up from activist investor Jana Partners. Having invested $2 billion in the company, Jana contends that the stock is undervalued and major changes need to be implemented. Jana has asked the board to conduct a review of … Read Morefeatured

Defense Business Could Limit Options in NXP-Freescale Deal

March 19, 2015 – by Ed Roberts – NXP Semiconductors NV (NXPI) and Freescale Semiconductor, Ltd. (FSL) are shopping their RF power business as part of their proposed $11.8 billion marriage but the structure of the sale could hold up the deal because of Freescale’s growing Department of Defense business, observers say. The expanding presence … Read Morepublic

NXP-Freescale Acquisition Likely Triggers Second Request

March 17, 2015 – by Robert W. Welkos – With billions of dollars riding on the outcome, Gold Rush fever is gripping the biotech sector as companies quickly expand their research and development of so-called “biosimilars” which have already hit the global market and will soon be coming to the U.S. But despite the Food … Read Morepublic

Experts Agree the Qualcomm – CSR Merger Will Likely Occur

October 31, 2014 – by Alexandra Watson – Qualcomm Inc.’s (QCOM) $2.5 billion acquisition of UK-based CSR plc (CSR) surprised the semiconductor industry as the company put the brakes on Microchip Technology Inc.’s (MCHP) opportunity to present its bid. The acquisition will be conducted through a scheme of arrangement, with voting and court sanction around … Read Morepublic

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