Faruqi & Faruqi, LLP Announces the Investigation of Montage Technology Group Limited (MONT) Over the Proposed Sale of the Com...
13 June 2014 - 2:11AM
Business Wire
Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating
the Board of Directors of Montage Technology Group Limited
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Montage Technology Group
Ltd. (“Montage” or the “Company”) (NASDAQ:MONT) for potential
breaches of fiduciary duties in connection with the sale of the
Company to PDSTI for approximately $693 million. The Company’s
stockholders will only receive $22.60 for each share of Montage
common stock they own.
Click here for more information:
www.faruqilaw.com/MONT. There is no cost or
obligation to you.
The investigation focuses on whether Montage’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Montage’s shareholders.
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. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Montage and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/MONT 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) 2014 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.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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