Brodsky & Smith, LLC Announces Investigation of The Board of Directors of PMC-SIERRA, Inc.
October 08 2015 - 6:05AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
PMC-SIERRA, Inc. ("PMC-Sierra” or "the Company") (Nasdaq: PMCS) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Skyworks
Solutions, Inc. (“Skyworks”).
Click here to learn more about the investigation
http://brodsky-smith.com/985-pmcs-pmc-sierra-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, PMC-Sierra shareholders will
receive only $10.50 in cash for each share of PMC-Sierra stock they
own. The investigation concerns whether the Board of PMC-Sierra
breached their fiduciary duties to shareholders and whether
Skyworks is underpaying for PMC-Sierra. The transaction may
undervalue PMC-Sierra based upon the Company’s solid financial
position, reasonable debt levels, good cash flow from operations,
and expanding profit margins. Consequently, an analyst has set a
price target on PMC-Sierra stock at $14.00 per share.
If you own shares of PMC-Sierra stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/985-pmcs-pmc-sierra-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151008005332/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/985-pmcs-pmc-sierra-inc.html
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