Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of Techwell, Inc. ("Techwell") (NASDAQ:TWLL) in connection with their actions in causing Techwell to enter into a definitive agreement with Intersil Corporation ("Intersil") (NASDAQ:ISIL) for Intersil to acquire Techwell through a cash tender offer. Under the terms of the agreement, Techwell shareholders will receive $18.50 per share in cash for each share of Techwell they own if the tender offer is completed. The transaction is expected to close in Intersil's second quarter of this year.

Robbins Umeda LLP's investigation concerns whether Techwell's Board of Directors undertook a fair process to obtain a fair price for all shareholders of Techwell.

If you are a shareholder of Techwell, and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

Advertisement

Copyright Business Wire 2010