BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Pericom Semiconductor Corporation ("Pericom” or "the Company") (Nasdaq: PSEM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Diodes Incorporated (“Diodes”).
Click here to learn more about the investigation http://brodsky-smith.com/978-psem-pericom-semiconductor-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Pericom shareholders will receive only $17.00 in cash for each share of Pericom stock they own. The investigation concerns whether the Board of Pericom breached their fiduciary duties to shareholders and whether Diode is underpaying for Pericom. The transaction may undervalue Pericom and will result in no real gain for many Pericom shareholders. For example, Pericom stock traded at $16.39 per share as recently as March 2, 2015. Pericom also recently announced strong financial results including both improved gross margins and net income. The Company’s future revenue growth seems likely given its introduction of 6 new connectivity products, 1 new switch, and 4 new signal integrity products.
If you own shares of Pericom and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/978-psem-pericom-semiconductor-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.