PEREGRINE SEMICONDUCTOR INVESTOR ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Peregrine Semiconduc...
22 Agosto 2014 - 8:51AM
Business Wire
Andrews & Springer LLC, a boutique securities class
action law firm focused on representing shareholders nationwide, is
investigating potential breach of fiduciary duty claims against the
Board of Directors of Peregrine Semiconductor Corporation
(“Peregrine” or the “Company”) (NASDAQ: PSMI) relating to the sale
of the Company to Murata Electronics North America, Inc. (“Murata”)
a wholly-owned subsidiary of Murata Manufacturing Co, Ltd. On
August 22, 2014, the two companies announced the signing of a
definitive merger agreement pursuant to which Murata will acquire
Peregrine in a merger valued at roughly $471 million. As a result
of the merger, Peregrine shareholders are only anticipated to
receive $12.50 per share in cash in exchange for each share of
Peregrine.
Our investigation so far has revealed that the process leading
up to the announcement of the merger appears to have some
questionable conflicts of interest, thus making the process and
consideration unfair. In fact, just 2 years ago on August 8, 2012,
Peregrine made its initial public offering at $14.00 per share.
Andrews & Springer is investigating whether Peregrine directors
are breaching their fiduciary duties by failing to adequately shop
the company and maximize shareholder value. Andrews & Springer
is also investigating the fairness of the sales process conducted
by Deutsche Bank and Evercore.
If you own shares of Peregrine and want to receive additional
information and protect your investments free of charge, please
visit us at
http://www.andrewsspringer.com/cases-investigations/psmi or contact
Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or
call toll free at 1-800-423-6013. You may also follow us on
LinkedIn – www.linkedin.com/company/andrews-&-springer-llc,
Twitter – www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. These traits are the
hallmarks of our innovative approach to each case our Firm
decides to prosecute. For more information please visit our website
at www.andrewsspringer.com. This notice may constitute Attorney
Advertising.
Andrews & Springer LLCCraig J. Springer, Esq.,
1-800-423-6013cspringer@andrewsspringer.com
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