NEW YORK, Jan. 22, 2016 /PRNewswire/ -- 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 Microchip
Technology Incorporated for approximately $3.56 billion in a cash and stock
transaction.
The Company's stockholders will only receive $7 per share in cash and $1.15 per share of Microchip stock for each
Company stock they own. However, the offer is lower than the
previous Dialog Semiconductor agreement announced in September as
well as it is below at least one analyst's estimated value of
$10.50 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. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. 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.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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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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