SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Supertex, Inc. in Connection With the Sale o...
February 12 2014 - 6:35PM
Business Wire
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)
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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/720-supx-supertex-inc.html
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