Montage Technology Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Merger with Shanghai...
11 Junho 2014 - 1:09PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Montage Technology Group Limited (“Montage”)
(NasdaqGS: MONT) concerning the merger with Shanghai Pudong Science
and Technology Investment Co., Ltd. (“PDSTI”). Under the terms of
the definitive agreement, valued at approximately $693 million,
Montage shareholders will only receive $22.60 in cash per Ordinary
Share of Montage owned. This consideration is well below the
52-week high of $26.70 and at least one analyst’s estimated value
of $28.50.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to the determination of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor
LLP, toll free (877) 728-9607, via email at
shareholder@powerstaylor.com. There is no cost or fee to you.
The investigation centers on whether Montage’s Board of
Directors is acting in the shareholders’ best interests, whether
the board is properly negotiating a higher share price for the
shareholders, and whether the board has employed an adequate
process to review and act on the proposed transaction. Notably, at
least one analyst with Yahoo! Finance believes the true inherent
value of Montage could be as high as $28.50 per share.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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