WILMINGTON, Del., Jan. 27, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Silicon Image, Inc. (NASDAQ GS:
SIMG)?
- Did you purchase any of your shares prior to January 27, 2015?
- 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 Silicon
Image, Inc. ("Silicon Image" or the "Company") (NASDAQ GS: SIMG)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Lattice Semiconductor Corporation ("Lattice")
(NASDAQ GS: LSCC), in a transaction valued at approximately
$600 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/silicon-image-inc-simc.
Under the terms of the agreement, public shareholders of Silicon
Image would receive $7.30 in cash for
each share of Silicon Image they own.
The investigation concerns whether Silicon Image's board of
directors failed to adequately shop the Company and obtain the best
possible value for Silicon Image's shareholders before entering
into an agreement with Lattice. According to Yahoo! Finance,
at least one analyst has issued a price target for Silicon Image
stock at $8.00 per share.
If you own the common stock of Silicon Image and purchased your
shares before January 27, 2015, 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/silicon-image-inc-simc.
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.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/silicon-image-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300026298.html
SOURCE Rigrodsky & Long, P.A.