Law Office of Brodsky & Smith, LLC Announces Investigation of ZiLog, Corp.
10 Dezembro 2009 - 8:42PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
ZiLog, Corp. (“ZiLog” or the “Company”) (Nasdaq: ZILG) relating to
the proposed acquisition by IXYS Corp. (“IXYS”). IXYS has agreed to
acquire ZiLog in a cash deal valued at approximately $62.4
million.
Under the proposed agreement, ZiLog shareholders will receive
$3.58 for every share of ZiLog common stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law related to the ZiLog board’s approval
of the proposed merger. The price being offered appears to be
unfair, in part, given that ZiLog stock was trading at $3.03 a
share on December 1, 2009.
If you own shares of ZiLog and wish to discuss the legal
ramifications of the proposed acquisition, 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
602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com,
or by calling toll free 877-LEGAL-90.
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