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NEW YORK -- (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.

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Contacts:

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

Source: Faruqi & Faruqi, LLP