LOS ANGELES--(BUSINESS WIRE)--The Alexander Firm P.C., A Professional Law Corporation, announces that it is investigating potential claims for breach of fiduciary duty against the Board of Directors of Supertex, Inc. (“Supertex” or the “Company”) (NASDAQ:SUPX) concerning the proposed acquisition of the Company by Microchip Technology Incorporated (“Microchip”). The transaction is valued at approximately $394 million or $33.00 in cash per share.
This investigation concerns whether the Board of Directors of Supertex breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, whether Microchip is underpaying for Supertex shares, and whether or not the Company has disclosed all material information to shareholders about the transaction.
If you are a shareholder of Supertex, if you have information or would like to learn more about our investigation, 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 Vahn Alexander, Esq., The Alexander Firm P.C., A Professional Law Corporation, 1875 Century Park East, Suite 700, Los Angeles, California 90067, by telephone at (310) 407-5335, or by email to firstname.lastname@example.org, or visit our website at www.alexanderfirmpc.com. With 20 years of class action and complex litigation experience, The Alexander Firm is committed to protecting the rights of investors throughout the Country. This press release may be considered Attorney Advertising in some jurisdictions.