SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Volterra Semiconductor, Inc. - VLTR
NEW YORK, Aug. 15, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Volterra Semiconductor, Inc. ("Volterra" or the "Company") (NASDAQ: VLTR) (ISIN: US9287081064) (CUSIP: 928708106) concerning the proposed acquisition of Volterra by Maxim Integrated Products, Inc. in a transaction valued at approximately $605 million equity value or $450 million net of Volterra's cash position of approximately $155 million.
The investigation concerns whether the Volterra directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Volterra shareholders will be entitled to receive $23.00 per share in cash for each share of Volterra common stock. However, the price to EBITDA and Revenue multiples are below the average of comparable transactions. In addition, the $23.00 per share offer price is below Volterra's 52 week high of $25.70 per share.
Volterra shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at email@example.com or 212-661-1100 or 888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders for the following companies: Hilltop Community Bancorp, Inc., Dole Food Company, Inc., and Cooper Tire & Rubber Company.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
212-661-1100 ext. 237
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
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