WAYNE, Pa., Feb. 11, 2014 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of Supertex Inc. ("Supertex" or the "Company")
(NASDAQ: SUPX) concerning possible breaches of fiduciary duty and
other violations of law related to the Company's efforts to sell
the Company to Microchip Technology Incorporated in a cash deal
valued at approximately $394
million.
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If you own shares of Supertex and would like to learn more about
this class action or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/supx. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the proposed transaction, Supertex's
stockholders will receive $33 for
each share of Supertex common stock they own.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by Supertex's Board of Directors
for not acting in the Company's shareholders' best interests in
connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas,
LLP
Richard
A. Maniskas,
Esquire
995
Old Eagle School Rd., Suite
311
Wayne,
PA
19087
877-316-3218
www.rmclasslaw.com/cases/supx
rmaniskas@rmclasslaw.com
SOURCE Ryan & Maniskas, LLP