BATON ROUGE, La.--(BUSINESS WIRE)--Former Attorney General of Louisiana Richard P. Ieyoub and the firm of Ieyoub O’Bell & Myers, LLC (IOM) (www.iomcounsel.com) are investigating the proposed buyout of Silicon Image, Inc. (SIMG) by Lattice Semiconductor Corporation (LSCC) through an all-cash tender offer.
General Ieyoub and IOM are investigating whether the proposed sale price, as well as the process that led up to it, are fair to shareholders. Under the terms of the proposed acquisition, Silicon Image shareholders will receive $7.30 per share in cash for each share of common stock they own. This is only a 23.7% premium to SIMG’s share price before the merger was announced, well below the premium recently applicable to similar transactions. Moreover, SIMG traded above the offer price as recently as December 19, 2014. If the tender offer succeeds, Silicon Image will become a wholly owned subsidiary of Lattice Semiconductor.
Silicon Image shareholders have the right to challenge the merger in court to ensure that they receive a fair and adequate price for their shares, as well as disclosure of all material information. If you are a shareholder of SIMG and you possess information relevant to this investigation, or if you would like to discuss your legal rights, you may contact IOM Partner Albert M. Myers at firstname.lastname@example.org or call (404) 931-7735.
Richard Ieyoub, a partner of IOM, served as a Special Prosecutor, District Attorney, and President of the National District Attorneys Association before being elected Louisiana Attorney General in 1992, serving until 2004. General Ieyoub played a leadership role in litigation on behalf of 46 states against major tobacco manufacturers, who agreed in 1998 to pay over $200 billion to redress the public health costs of smoking. IOM partners Eric J. O’Bell and Albert M. Myers have practiced shareholder litigation for over 25 years combined. IOM has offices in the New Orleans and Atlanta metropolitan areas. The firm’s website is www.iomcounsel.com.
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