SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Atmel Corporation
September 25 2015 - 06:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Atmel Corporation ("Atmel” or "the Company") (Nasdaq: ATML) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Dialog
Semiconductor (“Dialog”).
Click here to learn more about the investigation
http://brodsky-smith.com/983-atml-atmel-corporation.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Atmel shareholders will
receive only $4.65 in cash and 0.112 of a Dialog American
Depositary share for each share of Atmel stock they own. The
transaction values Atmel at only approximately $10.42 per share.
The investigation concerns whether the Board of Atmel breached
their fiduciary duties to shareholders and whether Dialog is
underpaying for Atmel. The transaction may undervalue Atmel and
will result in real gain for many Atmel shareholders. For example,
Atmel stock traded at $10.44 per share as recently as June 22, 2015
and an analyst has set a price target for Atmel stock at $12.00 per
share.
If you own shares of Atmel and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/983-atml-atmel-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150925005815/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/983-atml-atmel-corporation.html
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