An investigation on behalf of investors of Microsemi Corporation (NASDAQ:MSCC) in connection with the proposed takeover was announced and NASDAQ:MSCC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/06/2018 -- An investigation was announced for investors, who currently hold NASDAQ:MSCC shares, concerning the takeover of Microsemi Corporation by Microchip Technology Incorporated.
Investors who purchased shares of Microsemi Corporation (NASDAQ:MSCC) and currently hold any of those NASDAQ:MSCC shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Microsemi Corporation breached their fiduciary duties owed to NASDAQ:MSCC investors in connection with the proposed acquisition.
On March 1, 2018, Microchip Technology Incorporated (NASDAQ: MCHP) and Microsemi Corporation (NASDAQ:MSCC) announced that the two companies have signed an agreement pursuant to which Microchip Technology Incorporated will acquire Microsemi for $68.78 per share in cash.
However, given that at least one analyst has set the high target price for NASDAQ:MSCC shares at $70.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:MSCC stockholders. More specifically, the investigation concerns whether the Microsemi Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On March 5, 2018, NASDAQ:MSCC shares closed at $67.44 per share.
Those who are current investors in Microsemi Corporation (NASDAQ:MSCC) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego