Law Office of Brodsky & Smith, LLC Announces Investigation of SMART Modular Technologies, Inc.
29 Abril 2011 - 10:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
SMART Modular Technologies, Inc. (“SMART” or the “Company”)
(Nasdaq: SMOD) relating to the proposed acquisition by Silver Lake
Partners and Silver Lake Sumeru (“Silver Lake”).
Under the terms of the transaction, shareholders of SMART will
receive $9.25 in cash for each share of SMART stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of SMART by
not acting in SMART shareholders' best interests in connection with
the sale process to Silver Lake. The transaction may undervalue
SMART as an analyst placed a target price for SMART stock at $11.00
per share.
If you own shares of SMART stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/283-smod-smart-modular-technologies-inc.html,
or by calling toll free 877-LEGAL-90.
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