ATMI Shareholders Overwhelmingly Approve Merger With Entegris
April 15 2014 - 11:21AM
ATMI, Inc. (Nasdaq:ATMI), a global technology
company, announced that shareholders overwhelmingly approved its
proposed merger with Entegris, Inc. (Nasdaq:ENTG) for $34 per share
in cash at today's special shareholders' meeting.
Approximately 99.3 percent of the votes cast, representing 82.2
percent of the ATMI common shares outstanding as of the record
date, voted in favor of the merger. Adoption of the merger
agreement required an affirmative vote of a simple majority of the
ATMI common shares outstanding.
Approval from the Taiwan Fair Trade Commission is the only
required regulatory approval for the merger that remains
outstanding. We currently expect to receive this approval by the
end of April 2014 and, subject to the satisfaction of the other
conditions to closing, expect to close the merger promptly
thereafter in accordance with the terms of the merger
agreement.
During the special meeting, shareholders also approved a
proposal to adjourn the special meeting, if necessary, to solicit
additional proxies if there were insufficient votes at the time of
the special meeting to adopt the merger agreement; and a
non-binding advisory proposal to approve the golden parachute
compensation payable to ATMI's named executive officers in
connection with the merger.
About ATMI
ATMI, Inc., a global technology company, provides specialty
materials, material processing, and safe, high-purity materials
handling and delivery solutions designed to increase process
efficiencies for the microelectronics and other industries. For
more information, please visit http://www.atmi.com.
ATMI and the ATMI logo are trademarks or registered
trademarks of Advanced Technology Materials, Inc., in the United
States, other countries, or both.
About Entegris
Entegris provides a wide range of products for purifying,
protecting and transporting critical materials used in processing
and manufacturing in semiconductor and other high-tech industries.
Entegris is ISO 9001 certified and has manufacturing, customer
service or research facilities in the United States, China, France,
Germany, Israel, Japan, Malaysia, Singapore, South Korea and
Taiwan. Additional information can be found at
www.entegris.com.
Forward Looking Statements
Statements contained herein that relate to ATMI's expectations
as to the timing and completion of the merger and all other future
performance, including, without limitation, statements with respect
to ATMI's anticipated results of operations or level of business
for 2014 or any other future period, are forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements are based on current
expectations only and are subject to certain risks, uncertainties,
and assumptions, including, but not limited to, changes in
semiconductor industry growth (including, without limitation, wafer
starts) or ATMI's markets; competition, problems, or delays
developing, commercializing, and delivering new products;
customer-driven pricing pressure; potential loss of key customers;
problems or delays in integrating acquired operations and
businesses; uncertainty in the credit and financial markets;
ability to protect ATMI's proprietary technology; and other factors
described in ATMI's Form 10-K for the year ended December 31, 2013
and other subsequent filings with the Securities and Exchange
Commission. Such risks and uncertainties may cause actual results
to differ materially from those expressed in our forward-looking
statements. ATMI undertakes no obligation to update any
forward-looking statements.
CONTACT: Troy Dewar
Vice President, Investor Relations and
Corporate Communications
203.207.9349
tdewar@atmi.com
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