SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of PMC-Sierra Inc. (PMCS) Over the Proposed Sale of the ...
09 October 2015 - 1:59AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of PMC-Sierra Inc.
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of PMC-Sierra Inc. (“PMC” or the “Company”)
(NasdaqGS:PMCS) for potential breaches of fiduciary duties in
connection with the sale of the Company to Skyworks Solutions, Inc.
for approximately $2 billion in a cash transaction.
The Company’s stockholders will only receive $10.50 for each
share of PMC common stock they own. However, the offer is
significantly lower than at least one analyst’s target price of
$14.00 per share.
Click here for more information:
www.faruqilaw.com/PMCS. There is no cost or
obligation to you.
The investigation focuses on whether PMC’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 PMC’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 team which has achieved significant victories on behalf
of 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 PMC and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/PMCS 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) 2015 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.
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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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