Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Silicon Storage Technology, Inc.
2010年2月5日 - 5:11AM
ビジネスワイヤ（英語）
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Silicon Storage Technology, Inc. (“Silicon Storage” or the
“Company”) (Nasdaq:SSTI) related to the Company’s agreement to be
acquired by Microchip Technology Incorporated (“Microchip”) and its
wholly owned subsidiary Sun Acquisition Corporation. The
transaction is valued at approximately $284 million.
Under the terms of the definitive merger agreement entered into
by the parties, Microchip will acquire all of the outstanding
common stock of Silicon Storage for $2.85 per share in cash, and
Sun Acquisition Corp. will be merged with and into Silicon Storage.
The investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the merger agreement
by the Silicon Storage board of directors.
If you own shares of Silicon Storage Technology, Inc., if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll
Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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