Law Offices of Howard G. Smith Announces Investigation of Supertex Inc.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Supertex Inc. (“Supertex” or the “Company”) (NASDAQ:SUPX) related to the proposed acquisition of the Company by Microchip Technology. The transaction is valued at approximately $394 million, or $33 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, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $19.53 on May 1, 2013 to $26.84 on January 30, 2014.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.