MINDSPEED INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Mindspeed Technologies, Inc. (MSPD) Over the Pr...
November 15 2013 - 11:29AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Mindspeed Technologies, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Mindspeed Technologies,
Inc. (“Mindspeed” or the “Company”) (NasdaqGS: MSPD) for potential
breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to M/A (NasdaqGS: MTSI) in a
cash deal valued at approximately $272 million. Under the terms of
the proposed transaction, Mindspeed’s stockholders will receive
$5.05 for each share of Mindspeed common stock they own. Mindspeed
was trading significantly higher than the offering price in
2012.
Request more information now by clicking here:
www.faruqilaw.com/MSPD. There is no cost or
obligation to you.
The investigation focuses on whether Mindspeed’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Mindspeed’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Mindspeed and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/MSPD or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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