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.
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
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.