I see a disconnect.
Somebody knowledgeable, please comment.<p>here it goes :<p>Atmel had a deal with Dialog Semiconductor worth 4.6 Billion Dollars on September 15 already, refer [0] [1].<p>Microchip manage to break that deal with 137 Million dollar termination fee, but with a deal worth of 3.6 Billion Dollars.<p>That's 1 Billion dollars "less" deal worth agreed by Atmel to be sold.<p>Sounds unbelievable!<p>MCHP managed to do this by giving more cash for Atmel shareholders?
(..and not to forget 137 M of termination fine.)<p>1 Billion dollar (which was imaginary) disappeared into thin air??<p>If it was not of real value, then how / why Dialog over valued it?<p>Whoever understands all this, please comment.<p>[0] : <a href="http://www.dialog-semiconductor.com/content/dialog-semiconductor-acquire-atmel-46-billion" rel="nofollow">http://www.dialog-semiconductor.com/content/dialog-semicondu...</a>
[1] : <a href="http://fortune.com/2015/09/21/dialog-buying-atmel/" rel="nofollow">http://fortune.com/2015/09/21/dialog-buying-atmel/</a>