A lawsuit was filed by investor in shares of Silicon Image, Inc. (NASDAQ:SIMG) in effort to stop the proposed takeover and NASDAQ:SIMG stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 02/11/2015 --An investor, who currently holds shares of Silicon Image, Inc. (NASDAQ:SIMG), filed a lawsuit in effort to halt the proposed takeover of Silicon Image, Inc. (NASDAQ:SIMG) by Lattice Semiconductor Corporation for $7.30 per share.

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

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:SIMG stockholders by agreeing to sell Silicon Image, Inc. too cheaply via an unfair process to Lattice Semiconductor Corporation.

On January 27, 2015, Lattice Semiconductor Corporation (NASDAQ: LSCC) and Silicon Image, Inc. (NASDAQ: SIMG) announced that they have signed a definitive agreement, pursuant to which Lattice will acquire Silicon Image in an all-cash tender offer of $7.30 per share, representing an equity value of approximately $600 million (or approximately $450 million on an enterprise value basis).

However, the plaintiff claims that the $7.30-offer is too low and undervalues Silicon Image, Inc. Indeed, at least one analyst has set the high target price for NASDAQ:SIMG shares at $8.00 per share and ASDAQ:SIMG shares traded in the open market as recently as December 9, 2014 as high as $7.33 per share. Furthermore, Silicon Image, Inc. reported that its annual Total Revenue rose $221.01 million in 2011 to $276.41 million in 2013 and that its Net Loss of $11.64 million in 2011 turned into a Net Income of $11.49 million in 2013. Shares of Silicon Image, Inc. (NASDAQ:SIMG) traded in December 2014 as high as $7.33 per share.
In addition, the plaintiff claims that the process is also unfair to NASDAQ:SIMG stockholders.

On January 29, 2015, NASDAQ:SIMG shares closed at $

Those who are current investors in Silicon Image, Inc. (NASDAQ:SIMG) 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