Faruqi & Faruqi, LLP Announces Investigation of Standard Microsystems Corporation
09 Mai 2012 - 1:05AM
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 fiduciary duties in connection with their conduct
related to the sale of the Company to Microchip Technology
Incorporated (NASDAQ: MCHP) in an all-cash deal valued at about
$939 million. 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 the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Standard Microsystems’ shares and by how much this
proposed transaction 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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