NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Silicon Image, Inc.
("Silicon Image" or the "Company") (NASDAQ: SIMG) (ISIN:
US82705T1025) (CUSIP: 82705T102) concerning the proposed
acquisition of Silicon Image by Lattice Semiconductor
Corporation.
Silicon Image shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The investigation concerns whether the Silicon Image directors
are breaching their fiduciary duties by failing to adequately shop
the Company and maximize shareholder value. Under the terms of
the proposed acquisition, Silicon Image shareholders will receive
approximately $7.30 per share in cash
for each outstanding share of Silicon Image common stock.
However, the EBITDA and Revenue multiples are below the averages of
comparable transactions, according to a Bloomberg analysis.
Additionally, the company's stock closed above the offered price
last month.
Pomerantz LLP, with offices in New
York, Chicago, Florida, and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz LLP pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz LLP continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate
misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See
www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP