Buyout of Conexant Systems Causes Shareholder Claim Investigation by Goldfarb Branham LLP

DALLAS--(BUSINESS WIRE)--Goldfarb Branham LLP is investigating whether the Board of Directors of Conexant Systems, Inc. (NASDAQ: CNXT) violated shareholder protection laws in connection with the proposed buyout by Standard Microsystems for $1.125 per share in cash and the remainder in Standard stock. If you are a Conexant shareholder – or have knowledge of this transaction – attorney Hamilton Lindley can be contacted at 877-583-2855 or [e-mail].

“The offer price represents a 19% premium to Conexant’s Friday closing price of $1.89 a share. Our potential class action lawsuit seeks to ensure that the Board of Directors maximizes value for Conexant investors in this buyout.”

“Conexant stockholders will receive $1.125 in cash and $1.125 in Standard Microsystems Corporation stock, pursuant to the proposed buyout,” securities lawyer Hamilton Lindley said. “The offer price represents a 19% premium to Conexant’s Friday closing price of $1.89 a share. Our potential class action lawsuit seeks to ensure that the Board of Directors maximizes value for Conexant investors in this buyout.”

Goldfarb Branham’s lawyers have significant experience representing individual and institutional investors in over 100 shareholder class action cases. A firm securities lawyer, Hamilton Lindley, can be reached at [e-mail] or 877-583-2855 to discuss the impact of this buyout on Conexant shareholders. The firm is not afraid to give advice, stand by it, and go to court to get results.