WILMINGTON, Del., Feb. 17, 2014 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Supertex, Inc. (NASDAQ GS:
SUPX)?
- Did you purchase any of your shares prior to February 10, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Supertex,
Inc. ("Supertex" or the "Company") (NASDAQ GS: SUPX) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
Microchip Technology Incorporated ("Microchip") (NASDAQ GS: MCHP),
in a transaction valued at approximately $394 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/supertex-inc-supx.
Under the terms of the agreement, public shareholders of
Supertex will receive $33.00 per
share in cash for each share of Supertex they own.
The investigation concerns whether Supertex's board of directors
failed to adequately shop the Company and obtain the best possible
value for Supertex's shareholders before entering into an agreement
with Microchip.
If you own the common stock of Supertex and purchased your
shares before February 10, 2014, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
Delaware 19803; by telephone at (888) 969-4242; or by e-mail
to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/supertex-inc-supx.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.