PEREGRINE ALERT: Proposed Sale of Peregrine Semiconductor Corporation Being Investigated by Johnson & Weaver, LLP
22 Agosto 2014 - 8:13AM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP has
launched an investigation into whether the board members of
Peregrine Semiconductor Corporation (NASDAQ: PSMI) breached their
fiduciary duties in connection with the proposed $471 million sale
of the Company to Murata Electronics North America, Inc., a wholly
owned subsidiary of Murata Manufacturing Co., Ltd.
If you are a Peregrine shareholder and would like additional
information concerning your legal rights, please contact Johnson
& Weaver’s lead analyst Jim Baker at
jimb@johnsonandweaver.com or 619-814-4471.
Additional Information:
Peregrine provides various radio frequency integrated circuits
worldwide.
On August 22, 2014, Peregrine and Murata entered into an
agreement whereby Murata will acquire Peregrine in a $471 million
transaction. Under the terms of the agreement, Peregrine
shareholders will receive $12.50 per share in cash. The acquisition
is expected to be completed by year end, although shareholders will
likely be asked to vote on the transaction well before then.
Peregrine’s initial public offering (“IPO”) occurred in August
2012, when shares were offered to the public at $14.00.
Nationally recognized Johnson & Weaver, which focuses its
practice on shareholder rights, is investigating whether the
proposed $12.50 per share deal price represents adequate
consideration, especially given the Company’s recent $14.00 IPO
price and the outlook and promise of future growth.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California , New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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