On Monday, Shares of Atmel Corporation (NASDAQ:ATML), lost -0.62% to $7.97.
Cypress Semiconductor Corp. (CY) recently issued the following statement in response to recent market rumors regarding Atmel Corporation (ATML).
Cypress formerly presented an offer to the Board of Directors of Atmel to acquire Atmel. That offer expired and Cypress has withdrawn its interest in an acquisition of Atmel. Cypress regularly evaluates acquisition opportunities to complement its existing business, and maintains a disciplined approach to ensure that it continues to deliver long-term value to its shareholders.
Cypress (CY) delivers high-performance, high-quality solutions at the heart of recently’s most advanced embedded systems, from automotive, industrial and networking platforms to highly interactive consumer and mobile devices.
Atmel Corporation is a designer, developer and supplier of microcontrollers. The Company operates through four segments: Microcontroller, Nonvolatile Memory, Automotive and Multi-Market and Other.
Shares of EMC Corporation (NYSE:EMC), declined -1.14% to $23.51, during its last trading session.
EMC Corporation declared three organizations as grant recipients of the 2015 EMC Heritage Trust Project. The grants will support projects that practice and encourage the stewardship of cultural information in local communities in Canada, Colombia and the Philippines.
EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services.
Shares of Nokia Corporation (ADR) (NYSE:NOK), declined -1.67% to $6.46, during its last trading session.
Nokia Corporation - HERE, a leader in mapping, navigation and location experiences, has recently been selected by the Georgia, Alabama and Missouri state departments of transportation (DOT) as the provider of probe-based Traffic Services to enhance driver safety and improve traffic flow administration and planning strategies. HERE combines precision mapping, big data analytics and deep insights to create high quality traffic service for government transportation agencies.
HERE is providing the Georgia, Alabama and Missouri DOTs with real-time traffic data for the states’ roadways. This data enables the DOTs to communicate to drivers up-to-the-minute information about current traffic conditions and travel times. The agencies also utilize HERE data for traffic operations, situational awareness, and performance administration, counting bottleneck identification, trend spotting, construction planning, “before and after” traffic studies and more.
Georgia DOT (GDOT) is now the seventh state along the eastern seaboard to utilize HERE Traffic Services. HERE was selected by GDOT through a contract with the I-95 Corridor Coalition, which supports transportation agencies from Maine to Florida. The I-95 Corridor Coalition’s most recent quality tests showed HERE has outstanding overall performance for detecting congested road conditions.
“Managing the flow of traffic on the U.S. road network is no easy task, and HERE is glad to support transportation agencies with the data that enables safer and more efficient vehicle movements across road networks,” said Monali Shah, Director of Global Intelligent Transportation Solutions at HERE. “As we move to connected and automated driving, dependable and accurate real time data will only improvement in value for government agencies and drivers alike.”
For more than 15 years, HERE has worked with national, state and local government agencies to better inform drivers of changing conditions, create safer road conditions, and ensure people and goods move smoothly through road networks.
Nokia Corporation (Nokia) invests in technologies. The Company operates through three business segments: Nokia Networks, HERE and Nokia Technologies. Nokia Networks offers network infrastructure software, hardware and services. Nokia Networks has two segments: Mobile Broadband and Global Services.
Finally, Paypal Holdings Inc (NASDAQ:PYPL), ended its last trade with -4.50% loss, and closed at $32.25.
Paypal Holdings declared that it received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) to purchase up to 3 million shares of PayPal’s common stock at a price of $32.80 per share in cash. The offering price is 4.6 percent below the closing price per share of PayPal’s common stock on September 9, 2015, the last trading day before the offer was commenced. The offer is for about 0.25 percent of the outstanding shares of PayPal’s common stock.
PayPal does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that shareholders do not tender their shares. PayPal is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation.
Mini-tender offers are not subject to many of the investor protections afforded to larger tender offers, counting the filing of disclosure and other tender offer documents with the Securities and Exchange Commission (SEC) and other procedures mandated by U.S. securities laws.
PayPal Holdings, Inc. (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world.
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