SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Pericom Semiconductor Corporation (NASDAQ: PSEM) breached their fiduciary duties in connection with the proposed sale of the Company to Diodes Incorporated.
Pericom designs, manufactures, and markets high-performance digital, analog and mixed-signal integrated circuits and frequency control products used in electronic systems.
On September 3, 2015, Pericom announced it had signed a definitive merger agreement with Diodes. Under the terms of the agreement, each share of Pericom will be converted into the right to receive $17.00 in cash.
The investigation concerns whether Pericom’s board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Pericom’s shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially given Pericom’s promise of future revenue growth, strong cash position and no long term debt.
If you are a shareholder of Pericom and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.