SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Montage Technology Group Limited In Connection With the Propos...
June 23 2014 - 2:12PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of
Montage Technology Group Limited (“Montage” or the “Company”)
(NasdaqGS: MONT) and other violations of state law by the board of
directors of Montage relating to the proposed buyout of the Company
by Shanghai Pudong Science and Technology Investment Co.
Under the terms of the transaction, Montage shareholders will
receive $22.60 in cash for each share of Montage stock they own.
According to Yahoo! Finance, at least one analyst has issued a
price target for Montage stock at $28.50 per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s board of directors breached their fiduciary
duties to stockholders by failing to maximize shareholder value
before agreeing to enter into this transaction, and whether
Shanghai Pudong Science and Technology Investment Co. is
underpaying for Montage shares.
If you currently own common stock of Montage and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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