Law Office of Brodsky & Smith, LLC Announces Investigation of BCD Semiconductor Manufacturing Limited
January 10 2013 - 10:00PM
Business Wire
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.
Bcd Semiconductor Manufacturing Limited ADS (MM) (NASDAQ:BCDS)
Historical Stock Chart
From Sep 2024 to Oct 2024
Bcd Semiconductor Manufacturing Limited ADS (MM) (NASDAQ:BCDS)
Historical Stock Chart
From Oct 2023 to Oct 2024