NEW YORK -- (Business Wire)
Kirby McInerney LLP is investigating potential claims against Peregrine
Semiconductor Corporation (“Peregrine” or the “Company”) (NASDAQ:PSMI)
concerning the proposed acquisition of the Company by Murata Electronics
North America, Inc., a wholly owned subsidiary of Murata Manufacturing
Co., Ltd. (“Murata”) (TSE/OSE: 6981). Under the terms of the definitive
agreement, Peregrine stockholders will receive $12.50 in cash for each
share of Peregrine common stock they own, valuing the transaction at
approximately $471 million.
The investigation concerns whether the Peregrine Board of Directors
violated its fiduciary duties by agreeing to the proposed transaction
and whether the proposed consideration adequately values the Company’s
common stock.
If you are a Peregrine stockholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com
or telephone at (212) 699-1145, or toll free at (888) 529-4787, or by filling
out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in
securities, stockholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to www.kmllp.com.
Contacts:
Kirby McInerney LLP
J. Brandon Walker, Esq., 212-699-1145
toll
free: 888-529-4787
bwalker@kmllp.com
Source: Kirby McInerney LLP
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