NEW YORK, Oct. 6, 2015
/PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating
potential claims against the board of directors of PMC-Sierra, Inc.
("PMC-Sierra" or the "Company") (NASDAQ: PMCS) concerning the
proposed acquisition of the Company by Skyworks Solutions, Inc.
("Skyworks").
Under the terms of the offer, the Skyworks would acquire
PMC-Sierra in a transaction valued at approximately $2 billion. Pursuant to the deal,
PMC-Sierra stockholders would receive $10.50 per share in cash. According to
Yahoo Finance, at least one analyst has set a target price for
PMC-Sierra stock of $14.00 per
share.
Our investigation concerns whether the PMC-Sierra board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
stockholders.
If you own PMC-Sierra shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP