"Atmel expects the transaction to close by year end and to be accretive to Atmel's earnings in 2014."
That is why the price was held as of late.
The close of the deal news, I assume based on the aboe quote would be on Monday the 31st.
After that I think ATML will sink. The deal will be accertive to Earning in 2014.
Correct me if you see it otherwise.
Usually when a company buys another company they do prime price.
This purchase will hit Atmel's 4Q profits but will position them better long term.
So no, this purchase will not benefit Atmel short term, who ever is buying is because of Atmel's good long term prospects.
would imply the acquiring company DOWN. This deal is so small, that it flies under the radar of hedge funds. ATML has been beaten down, but has good prospects IFF it can execute... THE VERY same state it has been in several different times over the past 2 decades... but has always come up short. Wait and see mode, until further proof.