Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Pericom Semiconductor Corporation
September 11 2015 - 6:35AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Pericom Semiconductor Corporation ("Pericom” or "the Company")
(Nasdaq: PSEM) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Diodes Incorporated (“Diodes”).
Click here to learn more about the investigation
http://brodsky-smith.com/978-psem-pericom-semiconductor-corporation.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Pericom shareholders will
receive only $17.00 in cash for each share of Pericom stock they
own. The investigation concerns whether the Board of Pericom
breached their fiduciary duties to shareholders and whether Diode
is underpaying for Pericom. The transaction may undervalue Pericom
and will result in no real gain for many Pericom shareholders. For
example, Pericom stock traded at $16.39 per share as recently as
March 2, 2015. Pericom also recently announced strong financial
results including both improved gross margins and net income. The
Company’s future revenue growth seems likely given its introduction
of 6 new connectivity products, 1 new switch, and 4 new signal
integrity products.
If you own shares of Pericom and wish to discuss the legal
ramifications of the investigation, 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
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/978-psem-pericom-semiconductor-corporation.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 class 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 have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150911005072/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/978-psem-pericom-semiconductor-corporation.html
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