BALA CYNWYD, Pa. -- (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150903006543/en/
Contacts:
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J.
Smith, Esquire
877-LEGAL-90
http://brodsky-smith.com/978-psem-pericom-semiconductor-corporation.html
Source: Brodsky & Smith, LLC
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