INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of Supertex, Inc. and Its Board of Directors In Connection With the Sale of the Company to Microchip Technology Incorporated -- SUPX
NEW YORK, Feb. 12, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Supertex Incorporated ("Supertex" or "the Company") (NasdaqGS: SUPX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Microchip Technology Incorporated (NasdaqGS: MCHP).
Click here to learn more about the action http://zlk.9nl.com/supertex-supx, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Supertex shareholders will receive $33 for each share of Supertex stock they own. The investigation concerns whether the Supertex Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Microchip Technology Incorporated is underpaying for Supertex shares.
If you own Supertex common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/supertex-supx.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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