Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Supertex, Inc. Shareholders
NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims 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”) (NASDAQ:MCHP). Under the terms of the definitive merger agreement, Supertex shareholders will receive $33.00 in cash for each share of Supertex owned, which represents a total equity value of approximately $394 million.
The investigation concerns whether the Supertex Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values Supertex’s common stock.
If you are a Supertex shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at email@example.com, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.