NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Silicon Image, Inc. ("Silicon Image" or the "Company") (NASDAQ: SIMG) (ISIN: US82705T1025) (CUSIP: 82705T102) concerning the proposed acquisition of Silicon Image by Lattice Semiconductor Corporation.
Silicon Image shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at [email protected] or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the Silicon Image directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed acquisition, Silicon Image shareholders will receive approximately $7.30 per share in cash for each outstanding share of Silicon Image common stock. However, the EBITDA and Revenue multiples are below the averages of comparable transactions, according to a Bloomberg analysis. Additionally, the company's stock closed above the offered price last month.
Pomerantz LLP, 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 LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP 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.
212-661-1100 ext. 237
SOURCE Pomerantz LLP