NEW YORK, Aug. 22, 2014 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Peregrine
Semiconductor Corporation ("Peregrine" or the "Company") (NASDAQ:
PSMI) (ISIN: US71366R7035) (CUSIP: 71366R703) concerning the
proposed acquisition of Peregrine by Murata Electronics North
America, Inc. a wholly owned subsidiary of Murata
Manufacturing Co., Ltd.
Peregrine shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The investigation concerns whether the Peregrine directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms
of the proposed acquisition, each outstanding share of Peregrine
common stock will receive approximately $12.50 per share in cash. However, the
stock traded above the offer price less than 2 years ago and
synergies may not be fully reflected in the offer price.
Pomerantz LLP, with offices in New
York, Chicago, Florida, and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz LLP pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz LLP continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate
misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See
www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com
SOURCE Pomerantz LLP