EQUITY ALERT: Rosen Law Firm Announces Investigation of PMC-Sierra, Inc. Concerning its Proposed Sale to Skyworks Solutions, ...
October 06 2015 - 5:32PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of PMC-Sierra, Inc.
(NASDAQ:PMCS) for possible breaches of fiduciary duty and other
violations of law by failing to adequately shop PMC-Sierra to
maximize shareholder value before agreeing to be acquired by
Skyworks Solutions, Inc. (NASDAQ:SWKS).
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-735.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $10.50 in cash for each share of PMC-Sierra common stock
they own. The proposed transaction is valued at approximately $2
billion. The investigation relates to whether the proposal is fair
to the public shareholders of PMC-Seirra and whether PMC-Seirra’s
Board breached its fiduciary duties in connection with the proposed
sale.
If you currently own shares of PMC-Seirra and wish to obtain
additional information, please visit the firm’s website at
http://rosenlegal.com/cases-735.html. You may also contact Phillip
Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or
via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151006006947/en/
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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