flashguy

Atmel: Merger Arbitrage Opportunity Par Excellence

of course they declined. this was a horrible arbitrage. see earlier comments above. this author needs to get on here and explain where he stands now.

Atmel: Merger Arbitrage Opportunity Par Excellence

This is a horrible write-up if I've ever seen one. To say that ATML would never pay banking fees unless it was going to accept the offer it's ridiculous and naive. The board is OBLIGATED to hire someone in order to protect itself in case of litigation -- it's their fiduciary duty to have a legal basis for rejecting the offer and that includes getting a fairness opinion from bankers.

look, if this is the depth of the analysis required to determine the likelihood of a deal, the stock would be trading with zero spread. You can't possibly believe that you have an edge with this kind of analysis. You're in for a very bad surprise this week... people were saying the exact same thing about SNDK. look at it now.