NEW YORK, Feb. 2, 2015 /PRNewswire/ -- The fairness of
the proposed acquisition of Silicon Image, Inc. ("SIMG" or the
"Company") by Lattice Semiconductor Corporation ("Lattice") is
being investigated by WeissLaw LLP, a national class action,
shareholder rights law firm. The investigation focuses on
possible breaches of fiduciary duty and other violations of law by
the Board of Directors of SIMG for agreeing to sell the Company to
Lattice. On January 27, 2015, the Company announced a
definitive agreement for Lattice to acquire SIMG in a transaction
valued at approximately $600 million.
Under the terms of the agreement, SIMG shareholders will
receive $7.30 in cash for each SIMG
share they own.
WeissLaw is investigating whether SIMG's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, prior to the announcement, at least one analyst set a
target price of $10.00 per share, or
approximately $3.00 above the offer
price. In addition, the Company reported revenue of
$70.3 million for the third quarter
of 2014, as compared with $59.5
million in the previous quarter.
Given these facts, WeissLaw is investigating whether SIMG's
Board acted in the best interests of SIMG's public shareholders by
actively shopping the Company to maximize shareholder value prior
to entering into the agreement with Lattice. If you own SIMG
shares and would like more information about your rights or our
investigation, or if you have information to share with us, please
contact Joshua Rubin or Kelly Keenan by telephone at (888) 593-4771
or by email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a
similar outcome.
WeissLaw LLP
Joshua Rubin
Kelly Keenan
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP