Chipmaker CSR rejects Microchip approach, shares soar

Aug 28 2014 6:48PM EST | Source: REUTERS Technology

LONDON (Reuters) - Britain's CSR has rebuffed an approach from Microchip Technology , saying that the undisclosed price proposed by Microchip was not enough if its U.S. rival wants to bolster its role in the "Internet of Things" with the chipmaker's radio technology.