This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PEREGRINE SHAREHOLDER ALERT: Buyout Of Peregrine Semiconductor Corp. - National Securities Law Firm Seeks Higher Price For Shareholders

NEW YORK, Aug. 22, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Peregrine Semiconductor Corp. ("Peregrine" or the "Company") (NASDAQ: PSMI) relating to the proposed buyout of the Company by Murata Electronics North America Inc. ("Murata").

On August 22, 2014, Peregrine and Murata announced that they had entered into a definitive agreement under which Murata will acquire all outstanding shares of Peregrine not owned by Murata, for $12.50 per share in cash, or a total transaction value of $471 million ( $465 million excluding Murata's existing holding).

The investigation concerns whether the Board of Peregrine breached its fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, whether Murata is underpaying for Peregrine shares, and whether there were any conflicts of interest on the part of the senior management and/or board of directors of Peregrine in entering into this transaction for their own self interests and not for the benefit of its shareholders. Indeed, Peregrine has approximately $45 million in cash on hand (or $1.34 per share) and has no long term debt. In addition, Murata has an ownership stake in Perergrine, including the two companies having an existing partnership in place for many years.

If you own shares of Peregrine and would like further information regarding this investigation at no cost or expense, please contact us at:

Tripp Levy PLLC New York, New York

Toll free: 800-511-7037

International: 602-241-2841Email:

Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs