MONTAGE TECHNOLOGY GROUP LIMITED SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
June 16 2014 - 11:37AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Montage
Technology Group Limited (NASDAQ GS: MONT)?
- Did you purchase any of your shares
prior to June 11, 2014?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Montage
Technology Group Limited (“Montage” or the “Company”) (NASDAQ GS:
MONT) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Shanghai Pudong Science and Technology Investment
Co. (“Shanghai Pudong”), in a transaction valued at approximately
$693 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/montage-technology-group-limited-mont-buyout.
Under the terms of the agreement, public shareholders of Montage
would receive $22.60 in cash for each share of Montage they
own.
The investigation concerns whether Montage’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Montage’s shareholders before entering into an agreement
with Shanghai Pudong. According to Yahoo! Finance, at least one
analyst has issued a price target for Montage stock at $28.50 per
share.
If you own the common stock of Montage and purchased your shares
before June 11, 2014, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/montage-technology-group-limited-mont-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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