Seeking Alpha

CSR turns down Microchip's takeover approach

  • U.K. chipmaker CSR (NASDAQ:CSRE) has turned down a takeover approach from rival Microchip (NASDAQ:MCHP).
  • Although it did not provide details of the proposal, CSR states, "the price proposed by Microchip has been rejected and the board is considering its options for the company."
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