Rigrodsky & Long, P.A. Announces Investigation Of Standard Microsystems Corporation’s Agreement To Be Acquired By Microchip...
03 Mai 2012 - 12:26AM
Business Wire
Rigrodsky & Long, P.A., a national securities firm with
offices in Delaware and New York, announces that it is
investigating potential claims against the board of directors of
Standard Microsystems Corporation (“Standard Microsystems” or the
“Company”) (NASDAQ GS: SMSC) over the Company’s entry into an
definitive agreement to be acquired by Microchip Technology
Incorporated (“Microchip Technology”) (NASDAQ GS: MCHP) in a cash
transaction valued at approximately $939 million.
Under the terms of the agreement, Standard Microsystems
shareholders will receive $37.00 per share in cash. The acquisition
is subject to customary closing conditions, and is expected to
close in the third quarter of calendar 2012.
Click here to learn more:
http://www.rigrodskylong.com/investigations/standard-microsystems-corporation-smsc.
The investigation concerns whether Standard Microsystems’ board
of directors failed to adequately shop the Company and obtain the
best price possible for Standard Microsystems’ shareholders before
entering into an agreement with Microchip Technology.
If you own the common stock of Standard Microsystems and
purchased your shares before May 2, 2012, if you have information
or would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Scott J. Farrell, Esquire or Peter Allocco
of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300,
Garden City, New York 11530 toll free at (888) 969-4242, by e-mail
to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/standard-microsystems-corporation-smsc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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