Ryan & Maniskas, LLP Announces Investigation of Standard Microsystems Corp.
03 Maio 2012 - 11:41AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/smsc) is
investigating potential claims against the board of directors of
Standard Microsystems Corp. (“Standard Microsystems” or the
“Company”) (NASDAQ: SMSC) concerning possible breaches of fiduciary
duty and other violations of law related to the Company’s efforts
to sell Standard Microsystems to Microchip Technology Inc. in a
transaction valued at approximately $939 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by the Company’s board of directors; in particular,
whether the Company undertook a fair process to obtain fair
consideration for all shareholders of Standard Microsystems. For
more information regarding our investigation, please contact Ryan
& Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at
(877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/smsc.
Under the terms of the agreement, Standard Microsystems
shareholders will receive $37 per share.
If you own shares of Standard Microsystems and would like to
learn more about these claims or if you wish to discuss these
matters and have any questions concerning this announcement or your
rights, contact Richard A. Maniskas, Esquire toll-free at (877)
316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/smsc. You may also email Mr. Maniskas at
rmaniskas@rmclasslaw.com. For more information about class action
cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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