Standard Microsystems Corp. (SMSC) Tuesday said its stockholders have voted to approve its acquisition by Microchip Technology Inc. (MCHP).
Under the agreement, dated May 1, Microchip will acquire SMSC for an all-cash transaction for $37.00 per share.
The acquisition is expected to be completed in the third quarter, subject to other customary closing conditions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.