SIMG Buyout Is Investigated by Former Louisiana Attorney General & Special Prosecutor Richard P. Ieyoub & the Firm of Ieyoub ...
29 January 2015 - 11:29AM
Business Wire
Former Attorney General of Louisiana Richard P. Ieyoub and the
firm of Ieyoub O’Bell & Myers, LLC (IOM) (www.iomcounsel.com)
are investigating the proposed buyout of Silicon Image, Inc. (SIMG)
by Lattice Semiconductor Corporation (LSCC) through an all-cash
tender offer.
General Ieyoub and IOM are investigating whether the proposed
sale price, as well as the process that led up to it, are fair to
shareholders. Under the terms of the proposed acquisition, Silicon
Image shareholders will receive $7.30 per share in cash for each
share of common stock they own. This is only a 23.7% premium to
SIMG’s share price before the merger was announced, well below the
premium recently applicable to similar transactions. Moreover, SIMG
traded above the offer price as recently as December 19,
2014. If the tender offer succeeds, Silicon Image will become a
wholly owned subsidiary of Lattice Semiconductor.
Silicon Image shareholders have the right to challenge the
merger in court to ensure that they receive a fair and adequate
price for their shares, as well as disclosure of all material
information. If you are a shareholder of SIMG and you possess
information relevant to this investigation, or if you would like to
discuss your legal rights, you may contact IOM Partner Albert M.
Myers at al.myers@iomcounsel.com or call (404) 931-7735.
Richard Ieyoub, a partner of IOM, served as a Special
Prosecutor, District Attorney, and President of the National
District Attorneys Association before being elected Louisiana
Attorney General in 1992, serving until 2004. General Ieyoub played
a leadership role in litigation on behalf of 46 states against
major tobacco manufacturers, who agreed in 1998 to pay over $200
billion to redress the public health costs of smoking. IOM partners
Eric J. O’Bell and Albert M. Myers have practiced shareholder
litigation for over 25 years combined. IOM has offices in the New
Orleans and Atlanta metropolitan areas. The firm’s website is
www.iomcounsel.com.
Paid content. Past results do not guarantee a similar
outcome.
Ieyoub O’Bell & Myers, LLCAlbert M. Myers,
404-931-7735al.myers@iomcounsel.comwww.iomcounsel.com
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