Investors may obtain, free of charge, copies of the Proxy Statement/Prospectus and Registration Statement, and any other documents filed by Atmel and Dialog with the SEC in connection with the proposed merger at the SEC's website at www.sec.gov. Investors may obtain, free of charge, copies of the Proxy Statement/Prospectus and any other documents filed by Atmel with the SEC in connection with the proposed merger in the "Investors" section of Atmel's website at www.atmel.com. Investors may also obtain, free of charge, copies of the Registration Statement, and any other documents filed by Dialog with the SEC in connection with the proposed merger on Dialog's website at www.dialog-semiconductor.com.
BEFORE MAKING AN INVESTMENT OR VOTING DECISION, WE URGE INVESTORS OF DIALOG AND INVESTORS OF ATMEL TO READ CAREFULLY THE CIRCULAR, UK PROSPECTUS, PROXY STATEMENT/PROSPECTUS AND REGISTRATION STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT DIALOG OR ATMEL WILL FILE WITH THE UKLA OR SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER.
Participants in the Solicitation
Dialog, Atmel and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the approval of the proposed merger and may have direct or indirect interests in the proposed merger. Information about Dialog's directors and executive officers is set forth in Dialog's Annual report and accounts 2014, which may be obtained free of charge at Dialog's website at www.dialog-semiconductor.com. Information about Atmel's directors and executive officers and their respective interests in Atmel by security holdings or otherwise is set forth in Atmel's Proxy Statement on Schedule 14A for its 2015 Annual Meeting of Stockholders, which was filed with the SEC on April 3, 2015, and its Annual Report on Form 10-K for the fiscal year ended December 31, 2014, which was filed with the SEC on February 26, 2015. These documents are available free of charge at the SEC's website at www.sec.gov and from the "Investors" section of Atmel's website at www.atmel.com. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed merger will be included in the Proxy Statement/Prospectus and the Registration Statement that Dialog will file with the SEC in connection with the solicitation of proxies to approve the proposed merger.
Safe Harbor for Forward-looking Statements
This announcement contains, or may contain, "forward-looking statements" in relation to Dialog and Atmel and the future operating performance and outlook of Dialog and the combined company, as well as other future events and their potential effects on Dialog and the combined company that are subject to risks and uncertainties. Generally, the words "will," "may," "should," "continue," "believes," "targets," "plans," "expects," "estimates," "aims," "intends," "anticipates" or similar expressions or negatives thereof identify forward-looking statements. Forward-looking statements include, but are not limited to, statements relating to: (i) the benefits of the proposed merger, including future financial and operating results of the combined company, Dialog's or Atmel's plans, objectives, expectations and intentions, and the expected timing of completion of the transaction; (ii) expected developments in product portfolio, expected revenues, expected annualized operating costs savings, expected future cash generation, expected future design wins and increase in market share, expected incorporation of products in those of customers, adoption of new technologies, the expectation of volume shipments of products, opportunities in the semiconductor industry and the ability to take advantage of those opportunities, the potential success to be derived from strategic partnerships, the potential impact of capacity constraints, the effect of financial performance on share price, the impact of government regulation, expected performance against adverse economic conditions, and other expectations and beliefs of the management of Dialog and Atmel; (iii) the expansion and growth of Dialog's or Atmel's operations; (iv) the expected cost, revenue, technology and other synergies of the proposed merger, the expected impact of the proposed merger on customers and end-users, the combined company's future capital expenditures, expenses, revenues, earnings, economic performance, financial condition, losses and future prospects; (v) business and management strategies and the expansion and growth of the combined company's operations; (vi) the anticipated timing of shareholder meetings and completion of the proposed merger and matters to be voted upon at shareholder meetings and (vii) expectations of location of antitrust and competition law filings.
These forward-looking statements are based upon the current beliefs and
expectations of the management of Dialog and Atmel and involve risks and
uncertainties that could cause actual results to differ materially from
those expressed in the forward-looking statements. Many of these risks
and uncertainties relate to factors that are beyond Dialog's and Atmel's
or the combined company's ability to control or estimate precisely and
include, without limitation: (i) the ability to obtain governmental and
regulatory approvals of the proposed merger, including the approval of
antitrust authorities necessary to complete the proposed merger, or to
satisfy other conditions to the proposed merger, including the ability
to obtain the requisite Dialog shareholder approvals and Atmel
stockholder approvals, on the proposed terms and timeframe; (ii) the
possibility that the proposed merger does not close when expected or at
all, or that the companies, in order to achieve governmental and
regulatory approvals, may be required to modify aspects of the proposed
merger or to accept conditions that could adversely affect the combined
company or the expected benefits of the proposed merger; (iii) the risk
that competing offers or acquisition proposals will be made; (iv) the
inherent uncertainty associated with financial projections; (v) the
ability to realize the expected synergies or savings from the proposed
merger in the amounts or in the timeframe anticipated; (vi) the
potential harm to customer, supplier, employee and other relationships
caused by the announcement or closing of the proposed merger; (vii) the
ability to integrate Atmel's businesses into those of Dialog's in a
timely and cost-efficient manner; (viii) the development of the markets
for Atmel's and Dialog's products; (ix) the combined company's ability
to develop and market products containing the respective technologies of
Atmel and Dialog in a timely and cost-effective manner; (x) general
global macroeconomic and geo-political conditions; (xi) the cyclical
nature of the semiconductor industry; (xii) an economic downturn in the
semiconductor and telecommunications markets; (xiii) the inability to
realize the anticipated benefits of transactions related to the proposed
merger and other acquisitions, restructuring activities, including in
connection with the proposed merger, or other initiatives in a timely
manner or at all; (xiv) consolidation occurring within the semiconductor
industry through mergers and acquisitions; (xv) the impact of
competitive products and pricing; (xvi) disruption to Atmel's business
caused by increased dependence on outside foundries, financial
instability or insolvency proceedings affecting some of those foundries,
and associated litigation in some cases; (xvii) industry and/or company
overcapacity or under-capacity, including capacity constraints of
independent assembly contractors; (xviii) insufficient, excess or
obsolete inventory; (xix) the success of customers' end products and
timely design acceptance by customers; (xx) timely introduction of new
products and technologies and implementation of new manufacturing
technologies; (xxi) the combined company's ability to ramp new products
into volume production; (xxii) reliance on non-binding customer
forecasts and the absence of long-term supply contracts with customers;
(xxiii) financial stability in foreign markets and the impact or
volatility of foreign exchange rates and significant devaluation of the
Euro against the U.S. dollar; (xxiv) unanticipated changes in
environmental, health and safety regulations; (xxv) Atmel's dependence
on selling through independent distributors; (xxvi) the complexity of
the combined company's revenue recognition policies; (xxvii) information
technology system failures; (xxviii) business interruptions, natural
disasters or terrorist acts; (xxix) unanticipated costs and expenses or
the inability to identify expenses which can be eliminated; (xxx)
disruptions in the availability of raw materials; (xxxi) compliance with
U.S. and international laws and regulations by the combined company and
its distributors; (xxxii) dependence on key personnel; (xxxiii) the
combined company's ability to protect intellectual property rights;
(xxxiv) litigation (including intellectual property litigation in which
the combined company may be involved or in which customers of the
combined company may be involved, especially in the mobile device
sector), and the possible unfavourable results of legal proceedings;
(xxxv) the market price or increased volatility of Dialog's ordinary
shares and ADSs (if the merger is completed); and (xxxvi) other risks
and uncertainties, including those detailed from time to time in
Dialog's and Atmel's periodic reports and other filings with the SEC or
other regulatory authorities, including Atmel's Annual Report on Form
10-K for the fiscal year ended December 31, 2014 and Quarterly Report on
Form 10-Q for the quarterly period ended June 30, 2015 (whether under
the caption Risk Factors or Forward Looking Statements or elsewhere).
Neither Dialog nor Atmel can give any assurance that such
forward-looking statements will prove to be correct. The reader is
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this announcement.
Neither Dialog nor Atmel nor any other person undertakes any obligation
to update or revise publicly any of the forward-looking statements set
out herein, whether as a result of new information, future events or
otherwise, except to the extent legally required.