Law Office of Brodsky & Smith, LLC Announces Investigation of
BCD Semiconductor Manufacturing Limited
BALA CYNWYD, Pa., Jan. 4, 2013 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of BCD
Semiconductor Manufacturing Limited ("BCD Semiconductor" or the
"Company") (Nasdaq: BCDS) relating to the proposed acquisition by
Diodes, Inc. ("Diodes").
Under the terms of the transaction, BCD Semiconductor
shareholders will receive only $8.00
in cash for each American depositary share of BCD Semiconductor
they own. The investigation concerns possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
BCD Semiconductor for not acting in the Company's shareholders'
best interests in connection with the sale process to Diodes. The
transaction may undervalue the Company and will result in loss for
many long term BCD Semiconductor shareholders. For example BCD
Semiconductor stock traded at $10.20
as recently as April 27, 2011 and
$11.62 on February 8, 2011. In addition, based upon revenue
over the past twelve months, the transaction values BCD
Semiconductor at only 0.8 times annual revenue.
If you own American depository shares of BCD Semiconductor and
wish to discuss the legal ramifications of the proposed
transaction, 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 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/523-bcds-bcd-semiconductor-limited.html,
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC