NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of PMC-Sierra, Inc. (NASDAQ:PMCS) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop PMC-Sierra to maximize shareholder value before agreeing to be acquired by Skyworks Solutions, Inc. (NASDAQ:SWKS).
If you would like to join the action, go to the firm’s website at http://rosenlegal.com/cases-735.html or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive $10.50 in cash for each share of PMC-Sierra common stock they own. The proposed transaction is valued at approximately $2 billion. The investigation relates to whether the proposal is fair to the public shareholders of PMC-Seirra and whether PMC-Seirra’s Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of PMC-Seirra and wish to obtain additional information, please visit the firm’s website at http://rosenlegal.com/cases-735.html. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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