Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of BCD Semiconductor Manufacturing Limited (“BCDS”) (NasdaqGS: BCDS) to Diodes Inc. for shareholders. Under the terms of the proposed deal valued at approximately $151 million, BCDS shareholders will receive $8.00 per BCD American depositary share owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The BCDS sale investigation centers on whether BCDS’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues BCDS’s stock, and whether BCDS’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that “due to the proposed sale price, the size of the deal and other factors, we are investigating this transaction to determine if it undervalues BCDS’s stock price. Our lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.