EQUITY ALERT: The Rosen Law Firm Announces Investigation of Silicon Image, Inc. Concerning its Proposed Sale to Lattice Semic...
January 27 2015 - 1:07PM
Business Wire
The Rosen Law Firm announces that it is investigating the Board
of Directors of Silicon Image, Inc. (NASDAQ: SIMG) for possible
breaches of fiduciary duty and other violations of law by failing
to adequately shop Silicon Image to maximize shareholder value
before agreeing to be acquired by Lattice Semiconductor Corporation
(NASDAQ: LSCC).
If you would like to join the action, go to
http://rosenlegal.com/cases-490.html or contact Phillip Kim or
Kevin Chan, toll-free at 866-767-3653, or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $7.30 in cash for each share of Silicon Image they own. The
proposed transaction is valued at approximately $600 million. The
investigation relates to whether the proposal is fair to the public
shareholders of Silicon Image and whether Silicon Image’s Board
breached its fiduciary duties in connection with the proposed
sale.
If you currently own shares of Silicon Image and wish to obtain
additional information, please visit the website at
http://rosenlegal.com/cases-490.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 1-866-767-3653Fax:
212-202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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