INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of Supertex, Inc. & Its Board of Directors in Connection with th...
February 11 2014 - 7:18AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Supertex Incorporated (“Supertex” or “the Company”) (NasdaqGS:SUPX)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Microchip
Technology Incorporated (NasdaqGS:MCHP).
Click here to learn more about the action
http://zlk.9nl.com/supertex-supx, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Supertex shareholders will
receive $33 for each share of Supertex stock they own. The
investigation concerns whether the Supertex Board breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Microchip Technology Incorporated is underpaying for Supertex
shares.
If you own Supertex common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/supertex-supx.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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