ATMI Announces $50 Million Share Repurchase Plan
August 30 2010 - 4:30PM
ATMI, Inc. (Nasdaq:ATMI) today announced that its
Board of Directors has authorized a discretionary share repurchase
program for up to $50 million of ATMI common stock.
Share repurchases under the program may be made from time to
time in open market transactions at prevailing market prices, or in
privately negotiated transactions. Management will determine the
timing and amount of purchases under the program, based upon market
conditions or other factors.
The program does not have an expiration date and does not
require ATMI to purchase any specific number or amount of shares,
and may be cancelled, suspended or reinstated at any time at the
Company's discretion and without prior notice.
As of June 30, 2010, ATMI had approximately 31.5 million shares
outstanding, and approximately $132 million in cash and marketable
securities.
About ATMI
ATMI, Inc. provides specialty semiconductor materials, and
high-purity materials handling and delivery solutions designed to
increase process efficiencies for the worldwide semiconductor, flat
panel, and life sciences 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.
The ATMI, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5254
Statements contained herein that relate to ATMI's future
performance, including, without limitation, statements with respect
to ATMI's anticipated results of operations or level of business
for 2010 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, 2009,
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: ATMI, Inc.
Investor Relations & Corporate Communications
Dean Hamilton, Director
203.207.9349, Direct
203.794.1100 x4202
dhamilton@atmi.com
Atmi Inc. (MM) (NASDAQ:ATMI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Atmi Inc. (MM) (NASDAQ:ATMI)
Historical Stock Chart
From Jul 2023 to Jul 2024