Kirby McInerney LLP is investigating potential claims against Peregrine Semiconductor Corporation (“Peregrine” or the “Company”) (NASDAQ:PSMI) concerning the proposed acquisition of the Company by Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd. (“Murata”) (TSE/OSE: 6981). Under the terms of the definitive agreement, Peregrine stockholders will receive $12.50 in cash for each share of Peregrine common stock they own, valuing the transaction at approximately $471 million.
The investigation concerns whether the Peregrine Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.
If you are a Peregrine stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org or telephone at (212) 699-1145, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.