NEW YORK, Feb. 12, 2014
/PRNewswire/ -- Morgan & Morgan announces that it is
investigating potential legal claims against the board of
directors of Supertex, Inc. ("Supertex" or the "Company") (SUPX)
concerning the proposed acquisition of the Company by Microchip
Technology Incorporated in a cash deal valued at approximately
$394 million.
Under the terms of the proposed transaction, Supertex
stockholders will receive $33.00 in
cash for each share of Supertex owned.
If you own shares of Supertex and want more information
about the Supertex takeover investigation please contact
George Pressly, Esq. at 1(800)
631-6234 or email George at
AskGeorge@morgansecuritieslaw.com.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law by Supertex's Board of Directors for
not acting in the best interest of the Company's shareholders' in
connection with the sale process.
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to securities fraud, the firm also practices in
the areas of antitrust, personal injury, consumer protection,
overtime, and product liability. All of the Firm's legal
endeavors are rooted in its core mission: provide investor and
consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar
outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-631-6234
info@morgansecuritieslaw.com
SOURCE Morgan & Morgan