SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Mindspeed Technologies, Inc.
07 November 2013 - 1:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Mindspeed
Technologies, Inc. (“Mindspeed” or the “Company”) (Nasdaq: MSPD)
relating to the proposed acquisition of the Company by M/A-COM
Technology Solutions Holdings, Inc. (“MSTI”).
Click here to learn more about the investigation
http://brodsky-smith.com/671-mspd-mindspeed-technologies-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Mindspeed shareholders will
receive only $5.05 in cash for each share of Mindspeed stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Mindspeed for not acting in the Company’s shareholders' best
interests in connection with the sale process. The transaction may
undervalue the Company and would result in a loss for many long
term holders of Mindspeed stock. Mindspeed stock traded at $5.23
per share as recently as February 19, 2013 and traded at $7.19 per
share on February 2, 2012.
If you own shares of Mindspeed common stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/671-mspd-mindspeed-technologies-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/671-mspd-mindspeed-technologies-inc.html
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