SILICON IMAGE, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
January 28 2015 - 4:24PM
Business Wire
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.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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