San Diego, CA -- (SBWIRE) -- 08/26/2014 -- An investigation on behalf of investors, who currently hold shares of Peregrine Semiconductor Corp (NASDAQ:PSMI), was announced concerning whether the takeover of Peregrine Semiconductor Corp by Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd is unfair to NASDAQ:PSMI stockholders.

Investors who purchased shares of Peregrine Semiconductor Corp (NASDAQ:PSMI) and currently hold any of those NASDAQ:PSMI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Peregrine Semiconductor Corp breached their fiduciary duties owed to NASDAQ:PSMI investors in connection with the proposed acquisition.

On August 22, 2014, Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd., (TSE/OSE 6981) and Peregrine Semiconductor Corporation (NASDAQ: PSMI) announced that they have entered into an agreement under which Murata will acquire all outstanding shares of Peregrine not owned by Murata, for $12.50 per share in cash, or a total transaction value of$471 million ($465 million excluding Murata’s existing holding).

However, given that following the takeover news NASDAQ:PSMI shares reached $12.89 per share in the open market on August 22, 2014, the investigation concerns whether the offer is unfair to NASDAQ:PSMI stockholders. More specifically, the investigation concerns whether the Peregrine Semiconductor 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.

Peregrine Semiconductor Corp went public in August 2012. Peregrine Semiconductor Corp (NASDAQ:PSMI) reported that its Total Revenue rose from $107.77 million for the 52 weeks period that ended on Dec. 31, 2011 to $203.91 million for the 52 weeks period that ended on Dec. 29, 2012, respectively $202.32 million for the 52 weeks period that ended on Dec. 28, 2013 and that its Net Loss of $9.68 million for the 52 weeks period that ended on Dec. 31, 2011 turned into a Net Income of $7.27 million for the 52 weeks period that ended on Dec. 29, 2012.

Shares of Peregrine Semiconductor Corp (NASDAQ:PSMI) traded during 2012 as high as $18.705 per share.

Those who are current investors in Peregrine Semiconductor Corp (NASDAQ:PSMI) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com