NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Levi & Korsinsky commences an investigation the Board of Directors of Silicon Image Inc. ("Silicon Image" or "the Company") (NASDAQ: SIMG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Lattice Semiconductor Corporation.
Click here to learn more about the investigation: http://www.zlkdocs.com/SIMG-Info-Request-Form-ma-2582.
Under the terms of the transaction, Silicon Image shareholders will receive $7.30 in cash for each share of Silicon Image stock they own. The investigation concerns whether the Board of Silicon Image breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Lattice Semiconductor is underpaying for Silicon Image shares. In particular, at least one analyst set a price target for Silicon Image stock at $8.00 per share.
If you own Silicon Image common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlkdocs.com/SIMG-Info-Request-Form-ma-2582.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 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
SOURCE Levi & Korsinsky, LLP