BALA CYNWYD, Pa., Feb. 11, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Supertex, Inc.
("Supertex" or the "Company") (Nasdaq –SUPX-News) relating to the
proposed acquisition by Microchip Technology Incorporated
("Microchip").
Click here to learn more about the investigation
http://brodsky-smith.com/720-supx-supertex-inc.html, or
call:877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Supertex shareholders will
receive only $33.00 in cash for
each share of Supertex stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Supertex for not acting in the
Company's shareholders' best interests in connection with the sale
process. The investigation seeks to determine if the Supertex Board
of Directors failed to conduct an adequate auction process and if
Microchip is underpaying for Supertex.
If you own shares of Supertex common stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, By visiting
http://brodsky-smith.com/720-supx-supertex-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC