Microchip Technology Acquisition of Standard Microsystems Prompts Breach of Fiduciary Investigation. Standard Microsystems Investors Call (888) 252-0048 For A Free Review.
About the Standard Microsystems Breach of Fiduciary Duty Investigation
Standard Microsystems Acquisition Lawsuit for Breach of Fiduciary Duty
The Investment Losses and Securities Fraud Law Firm of Gilman Law LLP is investigating potential breach of fiduciary duty claims by current shareholders of Standard Microsystems Corporation (“Standard Microsystems”) (NASDAQ: SMSC) against the board of directors of the Company in connection with their efforts to sell the Standard Microsystems Corp. to Microchip Technology Incorporated (NASDAQ: MCHP), in an all-cash deal valued at about $939 million.
Standard Microsystems Corporation and Microchip Technology Incorporated are allegedly discussing terms under a proposed transaction that will offer Standard Microsystems’ stockholders $37.00 in cash for each share of Standard Microsystems’ common stock. Our Breach of Fiduciary Duty Investigation concerns whether Standard Microsystems’ Board of Directors breached fiduciary duties by failing to conduct an adequate and fair sales process prior to entering into to this proposed transaction. The Standard Microsystems Lawsuit Investigation further investigates whether the proposed transaction undervalues Standard Microsystems’ shares and by how much this proposed transaction undervalues the Company to the detriment of Standard Microsystems’ shareholders.
Legal Help for Standard Microsystems Shareholders
If you are a current shareholder of Standard Microsystems and would like to learn more about the Standard Microsystems Breach of Fiduciary Duty Investigation, you may complete our Free Consultation and Case Review for Online or call our investment fraud attorneys TOLL FREE at (888) 252-0048. Our securities fraud lawyers have over 35 years of experience litigating securities and other types of class action cases and have been involved in all major aspects of securities litigation. The investment fraud attorneys at Gilman Law LLP focus on cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration.