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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 91.00+0.1%Dec 4 3:59 PM EST
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From: Elroy5/5/2022 4:30:53 PM
   of 2979
 
SIMO STOCK ALERT: Halper Sadeh LLP Is Investigating Whether the Sale of Silicon Motion Technology Corporation Is Fair to Shareholders


https://www.businesswire.com/news/home/20220505005695/en/SIMO-STOCK-ALERT-Halper-Sadeh-LLP-Is-Investigating-Whether-the-Sale-of-Silicon-Motion-Technology-Corporation-Is-Fair-to-Shareholders


The investigation concerns whether Silicon Motion and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Silicon Motion shareholders; (2) determine whether MaxLinear is underpaying for Silicon Motion; and (3) disclose all material information necessary for Silicon Motion shareholders to adequately assess and value the merger consideration. On behalf of Silicon Motion shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
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