SAN DIEGO and SUNNYVALE,
Calif., Oct. 6, 2015 /PRNewswire/
-- Shareholder rights attorneys at Robbins Arroyo LLP are
investigating the proposed acquisition of PMC-Sierra, Inc. (Nasdaq:
PMCS) by Skyworks Solutions, Inc. (Nasdaq: SWKS). On
October 5, 2015, the two companies
announced the signing of a definitive merger agreement pursuant to
which Skyworks Solutions will acquire PMC-Sierra. Under the
terms of the agreement, PMC-Sierra shareholders will receive
$10.50 in cash for each share of
PMC-Sierra common stock.
View this information on the law firm's Shareholder Rights Blog:
www.robbinsarroyo.com/shareholders-rights-blog/pmc-sierra-inc
Is the Proposed Acquisition Best for PMC-Sierra and Its
Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board
of directors at PMC-Sierra is undertaking a fair process to obtain
maximum value and adequately compensate its shareholders.
The $10.50 merger consideration is
significantly below the target prices of four analysts ranging from
$11.00 set by an analyst at Northland
Securities Inc. on July 24, 2015, to
$14.00 set by an analyst at Mizuho
Securities USA Inc. on
July 23, 2015.
PMC-Sierra shareholders have the option to file a class action
lawsuit to ensure the board of directors obtains the best possible
price for shareholders and the disclosure of material
information. PMC-Sierra shareholders interested in
information about their rights and potential remedies can contact
attorney Darnell R. Donahue at (800)
350-6003, ddonahue@robbinsarroyo.com, or via the shareholder
information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The law
firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1
billion of value for themselves and the companies in which
they have invested.
Attorney Advertising. Past results do not guarantee a
similar outcome.
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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SOURCE Robbins Arroyo LLP