SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Atmel Corp. (ATML) Over the Proposed Sale of the Comp...
September 28 2015 - 11:36AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Atmel Corporation (“Atmel” or the “Company”)
(NasdaqGS:ATML) for potential breaches of fiduciary duties in
connection with the sale of the Company to Dialog Semiconductor for
approximately $4.6 billion in a cash and stock transaction.
The Company’s stockholders will only receive $4.65 in cash and
0.112 of a Dialog American Depositary share, or approximately
$9.22, for each share of Company stock they own. Howver, the offer
is inadequate since 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.
Click here for more information:
www.faruqilaw.com/ATML. There is no cost or
obligation to you.
The investigation focuses on whether Atmel’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of Atmel’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. To keep track of
the latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Atmel and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/ATML or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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