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Dialog Semiconductor plc
DLGNF has
reviewed the letter and presentation issued by Elliott Management
Corporation on 9 November regarding Dialog's agreement to acquire Atmel
Corporation
ATML and offers the following observations to its
shareholders:
1. Dialog continues to strongly support this
strategically important transaction. As described on 2
November in Dialog's press release reaffirming the Board's unanimous
support for the acquisition, Dialog continues to believe this
transaction is in the best interests of its shareholders. The
transaction diversifies Dialog's existing customer concentration,
increases Dialog's addressable market size, positions Dialog to
capitalise on the large and growing Internet of Things (IoT)
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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