Microchip Technology (MCHP) buys Standard Microsystems (SMSC) for a total equity value of $939M...

|About: Microchip Technology Inco... (MCHP)|By:, SA News Editor

Microchip Technology (MCHP) buys Standard Microsystems (SMSC) for a total equity value of $939M in a deal expected to close in Q3 subject to shareholder approval. The $37-a-share offer price marks a 41% premium over yesterday's closing price for SMSC.