BOSTON--(BUSINESS WIRE)--The National Investment Losses Law Firm Gilman Law LLP is investigating potential breach of fiduciary duty claims by current shareholders of Standard Microsystems Corporation (“Standard Microsystems” or the “Company”) (NASDAQ: SMSC) against the board of directors of Standard Microsystems in connection with their efforts to sell the company to Microchip Technology Incorporated (NASDAQ: MCHP) in an all-cash deal valued at about $939 million. Current shareholders of Standard Microsystems are encouraged to contact our office for a free consultation at (888) 252-0048.
Under the terms of the proposed transaction, Standard Microsystems’ stockholders will receive $37.00 in cash for each share of Standard Microsystems’ common stock they own. The focus of Gilman Law’s investigation will be whether Standard Microsystems’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Standard Microsystems’ shares and by how much this proposed transaction undervalues the Company to the detriment of Standard Microsystems’ shareholders.
If you are a current shareholder of Standard Microsystems and would like to learn more about the alleged breach of fiduciary duty investigation by the National Securities Law Firm Gilman Law LLP, you may contact our investment fraud attorneys for a Free Consultation by calling TOLL FREE at (888) 252-0048 or by visiting the Standard Microsystems Breach of Fiduciary Duty Article on our investment losses website.
About Investment Losses Law Firm Gilman Law LLP
The experienced securities fraud lawyers at Gilman Law LLP have over 33 years of experience litigating securities and other types of class action cases and have been involved in all major aspects of securities litigation. Our investment fraud attorneys focus on cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration. For a free evaluation of your case or to obtain additional information, please visit our Investment Losses and Securities Fraud Law Firm Website for a Free Consultation and Case Review or call TOLL FREE at (888) 252-0048.