Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
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.