Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of the Mindspeed Technologies, Inc. Proposed Acquis...
06 November 2013 - 11:29AM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating whether the Board of Directors of Mindspeed
Technologies, Inc. (Nasdaq: MSPD) breached its fiduciary duties in
connection with the company’s proposed acquisition by M/A-COM
Technology Solutions Holdings, Inc. (MACOM).
On November 5, 2013, MACOM announced that it had entered into a
definitive merger agreement to acquire Mindspeed for $5.05 a
share.
The investigation will determine whether the Mindspeed’s Board
of Directors breached its fiduciary duties to stockholders by
failing to satisfactorily shop the Company before entering into the
merger agreement. The $5.05 per share acquisition price is well
below where the stock was trading in 2012.
If you are a shareholder of Mindspeed and believe 1)
the proposed buyout price is too low or 2) the deal favors the
officers and directors and not the shareholders or 3) you’re
interested in learning more about the investigation or your legal
rights and remedies, please contact lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-230-0063 Ext. 118.
Johnson & Weaver, LLP is a nationally recognized
shareholders’ rights law firm. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonandweaver.com.
Johnson & Weaver, LLPJim Baker, 619-230-0063 Ext.
118jimb@johnsonandweaver.com
Mindspeed Technologies, Inc. (MM) (NASDAQ:MSPD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mindspeed Technologies, Inc. (MM) (NASDAQ:MSPD)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Mindspeed Technologies, Inc. (MM) (NASDAQ): 0 recent articles
More Mindspeed Technologies, Inc. (MM) News Articles