NEW YORK, Feb. 12, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Supertex Incorporated ("Supertex" or "the Company") (NasdaqGS: SUPX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Microchip Technology Incorporated (NasdaqGS: MCHP).
Click here to learn more about the action http://zlk.9nl.com/supertex-supx , or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Supertex shareholders will receive $33 for each share of Supertex stock they own. The investigation concerns whether the Supertex Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Microchip Technology Incorporated is underpaying for Supertex shares.If you own Supertex common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/supertex-supx . Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 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 www.zlk.com SOURCE Levi & Korsinsky, LLP