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Atmel +12.3%; CEO delays retirement, fuels M&A hopes

Aug. 25, 2015 11:37 AM ETAtmel Corporation (ATML) StockATMLBy: Eric Jhonsa, SA News Editor3 Comments
  • Atmel (NASDAQ:ATML) discloses CEO Steve Laub "agreed to a Board of Directors' request to extend his retirement date to facilitate the completion of an ongoing strategic evaluation process." Laub announced in May he'd be stepping down on Aug. 31.
  • Reuters reported in June Atmel is working with i-bank Qatalyst Partners to explore a sale. Before that, FBR called the microcontroller vendor its top semi buyout candidate.

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