Definitive agreement between Inside and Atmel

Definitive agreement between Inside and Atmel - Smart Insights
Atmel has entered into a definitive agreement to sell its Smart Card (SMS) business based in Rousset, France and East Kilbride, UK to Inside Contactless following the completion of the information and consultation process with the works council of Atmel Rousset in France (the 'Works Council'). As previously announced, Inside signed the agreement on May 2, 2010 subject to acceptance by Atmel following completion of the information and consultation process with the Works Council (cf. Smart Insights Weekly #10-18).