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Microchip Technology closes purchase of Micrel

Microchip Technology Inc. on Aug. 3 closed its deal to acquire Micrel Inc. for a transaction value of $746.7 million.

The company offered $14.00 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Wilson Sonsini Goodrich & Rosati Professional Corp. was the legal adviser for Microchip Technology.

Credit Suisse Securities (USA) LLC was the financial adviser for Micrel, while Davis Polk & Wardwell LLP was the legal adviser.