ZILG Zilog (MM)

Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of the common stock of ZiLOG, Inc. (“ZiLOG” or the “Company”) (Nasdaq:ZILG) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company’s Board of Directors to allow the Company to be acquired by IXYS Corporation (Nasdaq:IXYS) in a transaction valued at approximately $3.58 in cash per ZiLOG common share, for aggregate consideration of approximately $62.4 million.

The current investigation concerns the price to be paid by IXYS to ZiLOG shareholders and the process by which ZiLOG’s Board of Directors is addressing the transaction, including whether ZiLOG’s Board of Directors breached its fiduciary duties to the Company’s shareholders by agreeing to sell the Company at an unfair price. Whereas ZiLOG’s shareholders will receive $3.58 per share under the terms of the proposed transaction, that figure represents only a small premium over the Company’s recent trading price of $3.12 per share on November 30, 2009, and at least one analyst has set a price target of $6 per ZiLOG common share, representing a significant potential discount to IXYS. On October 28, 2009, ZiLOG reported an increase in net sales of 12% over the previous quarter and 23% over the second quarter of 2008. The increase exceeded the Company’s previous guidance and was attributed to sales growth in all regions and a rise in ongoing licensing royalties. The second quarter of 2009 was the Company’s third consecutive quarter of GAAP net income, reflecting increased margins, lower spending and increased revenues.

If you own the common stock of ZiLOG and wish to obtain additional information about this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duty on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

Attorney advertising. Prior results do not guarantee a similar outcome.

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