STEVENSON, Md., March 11, 2014 (GLOBE NEWSWIRE) -- The securities litigation firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Connecticut Superior Court, Danbury Judicial District, on behalf of all common stockholders of ATMI, Inc. ("ATMI" or the "Company") (Nasdaq:ATMI) asserting claims that the members of the Company's board of directors have breached fiduciary duties they owe to ATMI shareholders.
ATMI recently announced that it has entered into a definitive merger agreement to be acquired by Entegris, Inc. ("Entegris"). Under the terms of the agreement, ATMI shareholders will receive $34.00 per share in cash for each share of ATMI they own. The claims asserted in the lawsuit concern whether the ATMI Board of Directors breached their fiduciary duties to stockholders by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Entegris is underpaying for ATMI shares.
If you currently own common stock of ATMI and would like to learn more about the lawsuit, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. The senior attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 100 years.