Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of ZiLog, Inc.
07 Januar 2010 - 2:16PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
ZiLog, Inc. (“ZiLog” or the “Company”) (Nasdaq:ZILG) related to the
Company’s Merger Agreement with IXYS Corporation ("IXYS"), Zanzibar
Acquisition, Inc., and a wholly-owned subsidiary of IXYS to acquire
ZiLog in a cash transaction valued at approximately $62
million.
Under the terms of the Agreement and Plan of Merger entered into
by the parties, at the effective time of the merger each issued and
outstanding share of ZiLog common stock will be converted into the
right to receive $3.5858 in cash. Following completion of the
transaction, the IXYS subsidiary will be merged with and into
ZiLOG, with ZiLOG continuing after the merger as the surviving
corporation and a wholly-owned subsidiary of IXYS. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the Merger Agreement
by the ZiLog board of directors.
If you own shares of ZiLog, 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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