SAN DIEGO, August 18, 2016 /PRNewswire/ -- Shareholder
rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of SunEdison
Semiconductor Limited (NASDAQ: SEMI) breached their fiduciary
duties in connection with the proposed sale of the Company to
GlobalWafers Co., Ltd. SunEdison Semiconductor develops,
manufactures and sells silicon wafers in the United States and internationally.
On August 17, 2016, SunEdison
Semiconductor announced it had signed a definitive merger agreement
with GlobalWafers. Under the terms of the agreement, SunEdison
Semiconductor stockholders will receive $12.00 a share in cash.
The investigation concerns whether the SunEdison Semiconductor
board failed to satisfy their duties to the Company shareholders,
including whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for the Company's shares of common stock. Nationally recognized
Johnson & Weaver is investigating whether the proposed deal
price represents adequate consideration; especially given that
the price target for one Wall Street analyst is $13.00.
If you are a shareholder of SunEdison Semiconductor and
believe the proposed buyout price is too low or you're interested
in learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If
emailing, please include a phone number where you can be
reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP