Mindspeed Technologies, Inc. Merger Litigation (Nasdaq: MSPD)
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Mindspeed Technologies, Inc.
BALA CYNWYD, November 6, 2013 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Mindspeed Technologies, Inc. (“Mindspeed” or the “Company”) (Nasdaq- MSPD-News) relating to the proposed acquisition of the Company by M/A-COM Technology Solutions Holdings, Inc. (“MSTI”).
Under the terms of the transaction, Mindspeed shareholders will receive only $5.05 in cash for each share of Mindspeed stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Mindspeed for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and would result in a loss for may long term holders of Mindspeed stock. Mindspeed stock traded at $5.23 per share as recently as February 19, 2013 and traded at $7.19 per share on February 2, 2012.
If you own shares of Mindspeed 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 firstname.lastname@example.org, 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.
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