Faruqi & Faruqi, LLP Announces Investigation Regarding the Acquisition of Standard Microsystems Corporation
22 Mayo 2012 - 3:44PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Standard Microsystems Corporation (“Standard
Microsystems” or the “Company”) (NASDAQ: SMSC) for potential
breaches of their fiduciary duty to disclose material information
in the Preliminary Proxy Statement Schedule 14A (the “Proxy”) filed
with the S.E.C. on May 17, 2012, which may impair shareholders’
ability to adequately value stock price in relation to the sale of
the Company to Microchip Technology Incorporated (NASDAQ: MCHP) in
an all-cash deal valued at about $939 million. The price per share
offered to Standard Microsystems’ shareholders is also under
investigation, as under the terms of the proposed transaction,
Standard Microsystems’ stockholders will receive $37.00 in cash for
each share of Standard Microsystems’ common stock they own.
Request more information now by clicking here:
www.faruqilaw.com/SMSC. There is no cost or obligation to you.
Whether Standard Microsystems’ Board of Directors breached their
fiduciary duties to Standard Microsystems’ stockholders by failing
to disclose all material information in the Proxy, whether they
failed to maximize shareholder value and if so, by how much the
sale undervalues the Company to the detriment of Standard
Microsystems’ shareholders - are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Standard Microsystems and wish to
obtain additional information and protect your investments free of
charge, please visit us at www.faruqilaw.com/SMSC or contact Juan
E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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