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Standard Microsystems shareholders OK sale
Photo credit: Danielle Finkelstein
The acquisition of Hauppauge-based Standard Microsystems (SMSC) by Microchip Technology was approved by SMSC shareholders, the company announced Tuesday.
Shareholders that voted on the acquisition were largely in favor of the sale -- 99.5 percent of votes approved the move. Around 76 percent of eligible SMSC shareholders voted, according to a statement from the company.
In May, SMSC,...
