SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of S...
12 März 2014 - 8:38PM
Business Wire
Rigrodsky & Long, P.A. announces a complaint alleging
breaches of fiduciary duty and other violations of law has been
filed in California Superior Court, Santa Clara County against the
board of directors of Supertex, Inc. (“Supertex” or the “Company”)
(NASDAQ GS: SUPX) in connection with the Company’s entry into an
agreement to be acquired by Microchip Technology Incorporated
(“Microchip”) (NASDAQ GS: MCHP), in a transaction valued at
approximately $394 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/supertex-inc-supx.
Under the terms of the agreement, public shareholders of
Supertex will receive $33.00 per share in cash for each share of
Supertex they own.
The complaint alleges that Supertex’s board of directors failed
to adequately shop the Company and obtain the best possible value
for Supertex’s shareholders before entering into an agreement with
Microchip.
If you own the common stock of Supertex and purchased your
shares before February 10, 2014, and would like to learn more about
these allegations, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, Delaware 19803; by telephone at (888) 969-4242; or by
e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/supertex-inc-supx.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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