NEW YORK, Nov. 6, 2013
/PRNewswire/ -- Tripp Levy PLLC, a leading securities and
shareholder rights law firm, announces that it is investigating the
acquisition of Mindspeed Technologies, Inc. (MSPD).
Mindspeed Technologies announced that it has entered into a
definitive agreement to be acquired by M/A-COM Technology Solutions
Holdings, Inc. (MTSI), for $5.05 per
share in a cash tender offer.
The investigation concerns whether the board of directors of
Mindspeed Technologies has breached their fiduciary duties by not
obtaining the maximum value for shareholders. Indeed, the
sale of the company may not include any sale of the company's
wireless business, which, if sold, the proceeds of which may go to
M/A-COM and/or other equity holders of Mindspeed Technologies but
may not be shared with Mindspeed Technologies shareholders who may
only get the tender offer price of $5.05 per share, which is below where the stock
traded earlier this year ($5.27).
If you are a shareholder of Mindspeed Technologies and would
like additional information as to how the acquisition may affect
your rights as a shareholder, please call us at no cost at:
Tripp Levy PLLC,
New York, New
York,
Toll free: 1-877-772-3975,
Email:
contact@tripplevy.com
Tripp Levy PLLC has extensive experience in mergers and
takeovers and has assisted in the recovery of millions of dollars
for shareholders. Attorney advertising. Prior results
do not indicate a similar outcome.
SOURCE Tripp Levy PLLC