Wolf Haldenstein Announces Investigation of the Acquisition of Mindspeed Technologies, Inc.
November 06 2013 - 12:14PM
Business Wire
Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf
Haldenstein”), a leading securities law firm, announces that it is
investigating the acquisition of Mindspeed Technologies, Inc.
(NASDAQ: MSPD). Mindspeed Technologies announced that it has
entered into a definitive agreement to be acquired by M/A-COM
Technology Solutions Holdings, Inc. (NASDAQ: MTSI), for $5.05 per
share in a cash tender offer. Wolf Haldenstein believes that this
is an opportunistic offer as the stock traded above the offer price
earlier this year and significantly undervalues the Company.
The investigation concerns whether the Mindspeed Technologies
board of directors has breached their fiduciary duties by failing
to maximize value for shareholders. Indeed, the sale of the company
may not include the company's wireless business, which is to be
sold prior to the closing of the transaction. Indeed, if sold, the
proceeds may go to M/A-COM and/or other equity holders of Mindspeed
Technologies but may not be shared with Mindspeed Technologies
shareholders who would only receive the tender offer price of $5.05
per share, which is below where the stock traded earlier this year
($5.27).
Wolf Haldenstein has represented individual and institutional
investors for many years, serving as lead counsel in numerous cases
in United States federal and state courts. Please visit the Wolf
Haldenstein website (http://www.whafh.com) for more information
about the firm.
If you are a shareholder of Mindspeed Technologies and would
like additional information as to how the acquisition may affect
your rights as a shareholder, please contact us at:
Gregory M. Nespole, Esq.Wolf Haldenstein Adler Freeman &
Herz LLP270 Madison AvenueNew York, New York 10016
Phone Numbers:(800) 575-0735(212) 545-4657(917) 515-6161
Email:Classmember@whafh.com or nespole@whafh.com and please
reference “Mindspeed Technologies Investigation.”
Attorney Advertising
Wolf Haldenstein Adler Freeman & Herz LLPGregory M. Nespole,
Esq.800-575-0735212-545-4657917-515-6161Classmember@whafh.comnespole@whafh.com
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