Robbins Umeda LLP Announces an Investigation of the Tender Offer by Intersil Corporation to Acquire Techwell, Inc.
22 Marzo 2010 - 2:46PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors of Techwell, Inc. ("Techwell")
(NASDAQ:TWLL) in connection with their actions in causing Techwell
to enter into a definitive agreement with Intersil Corporation
("Intersil") (NASDAQ:ISIL) for Intersil to acquire Techwell through
a cash tender offer. Under the terms of the agreement, Techwell
shareholders will receive $18.50 per share in cash for each share
of Techwell they own if the tender offer is completed. The
transaction is expected to close in Intersil's second quarter of
this year.
Robbins Umeda LLP's investigation concerns whether Techwell's
Board of Directors undertook a fair process to obtain a fair price
for all shareholders of Techwell.
If you are a shareholder of Techwell, and would like more
information about your rights as a shareholder, please contact
attorney Lauren Levi at 800-350-6003 or by e-mail at
llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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