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Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Conexant Systems, Inc. (“Conexant” or the “Company”) (Nasdaq: CNXT) concerning its potential acquisition by Standard Microsystems Corporation (“SMCS”). Under the terms of the offer, Conexant’s shareholders will receive approximately $2.25 consisting of $1.125 cash and a fraction of stock for each of their shares. The transaction is valued at $284 million.
The investigation is focused on the potential unfairness of the deal price to Conexant’s shareholders, the process by which Conexant’s directors considered the transaction, and potential conflicts of interests on the part of Conexant board members. As recently as February 2010, Conexant shares traded as high as $5.03 per share.
If you are interested in discussing your rights as a Conexant shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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