Levi & Korsinsky is investigating the Board of Directors of Standard Microsystems Corp. (“Standard Microsystems” or the “Company”) (Nasdaq: SMSC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Microchip Technology Inc. (Nasdaq: MCHP). Under the terms of the agreement, Standard Microsystems shareholders will receive $37 per share. The transaction has a total approximate value of $939 million.
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The investigation concerns whether the Standard Microsystems Board of Directors breached their fiduciary duties to Standard Microsystems stockholders by failing to adequately shop the Company before entering into this transaction and whether Microchip Technology Inc. is underpaying for Standard Microsystems shares, thus unlawfully harming Standard Microsystems stockholders.
If you own common stock in Standard Microsystems and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
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