The law firm of Wolf Haldenstein Adler Freeman & Herz LLP announces that it
is investigating whether the board of directors of Supertex Incorporated
(NASDAQ:SUPX) breached their fiduciary duties in agreeing to sell the
company to Microchip Technology for only $33 per share in cash.
Supertex Incorporated, as of the most recent 10-Q filing for the period
ending December 28, 2013, reported $159 million in cash and short-term
investments, representing $13.95 per share in cash. Thus, the effective
net cost to Microchip is only $19 per share. The deal is certainly
favorable to Microchip shareholders, perhaps at the expense of Supertex
shareholders. According to the press release announcing the transaction,
"he acquisition is expected to be accretive to Microchip's non GAAP
earnings per share in the first full quarter after completion of the
Please contact Wolf Haldenstein immediately if you are a Supertex
shareholder and would like additional information regarding your rights.
Wolf Haldenstein has represented individual and institutional investors
for many years, serving as lead counsel in numerous cases in Federal and
State courts. Please contact either Ben Kaufman or Greg Stone to discuss
Ben Kaufman, Esq: firstname.lastname@example.org
orGreg Stone: email@example.comWolf Haldenstein Adler Freeman & Herz LLP270 Madison AvenueNew York, New York 10016
Phone Numbers:(800) 575-0735(212) 545-4650
Email: Classmember@whafh.com, Kaufman@whafh.com,
and please reference "Supertex Investigation."
Attorney Advertising. Prior results do not guarantee or predict a
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