Microchip Technology Announces Pricing of Offering of $1.1 Billion of Convertible Senior Notes

In connection with the pricing of the notes, Microchip entered into privately negotiated capped call transactions with certain financial institutions (the "option counterparties"). The capped call transactions will cover, subject to anti-dilution adjustments, the number of shares of common stock underlying the notes sold in the offering. The capped call transactions are generally expected to reduce potential dilution to the common stock upon any conversion of notes and/or offset any cash payments Microchip ...