Newman Ferrara LLP is investigating potential claims against the board of directors of Volterra Semiconductor Corporation (“Volterra”) (NasdaqGS: VLTR) concerning the proposed acquisition of Volterra by Maxim Integrated Products Inc. Volterra announced that it had entered into a definitive agreement to be acquired by Maxim in a deal valued at approximately $575 million. Under the terms of the agreement, Volterra’s shareholders will receive $23.00 per share in cash for each share of Volterra stock owned. The $23.00 per share offer price is below Volterra’s 52-week trading high of $25.70 per share. The proposed deal is expected to close by the end of 2013. Newman Ferrara’s investigation concerns whether Volterra’s Board of Directors has breached its fiduciary duties to act in the best interests of Volterra’s shareholders. The investigation focuses on the potential unfairness of the consideration being provided to Volterra’s shareholders and the process by which Volterra’s Board of Directors considered and approved the proposed deal. Concerned investors may contact Newman Ferrara attorney Roy Shimon at firstname.lastname@example.org or (212) 619-5400 to discuss this investigation, their rights, or potential remedies. Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.
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