Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Microtune, Inc.
September 14 2010 - 12:04AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Microtune, Inc. (“Microtune” or the “Company”) (NASDAQ:TUNE)
related to the Company’s agreement to be acquired by Zoran
Corporation (“Zoran”). The proposed all-cash transaction is valued
at approximately $166 million.
Under the terms of the definitive agreement entered into by the
parties, Zoran will pay Microtune shareholders $2.92 in cash for
each share of the Company’s common stock they own. The transaction
is expected to close in the fourth quarter of 2010. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by Microtune’s board of directors.
If you are a shareholder of Microtune, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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