Robbins Arroyo LLP: Acquisition of PMC-Sierra, Inc. (PMCS) by Skyworks Solutions, Inc. (SWKS) May Not Be in Shareholders' Best Interests
SAN DIEGO and SUNNYVALE, Calif., Oct. 6, 2015 /PRNewswire/ -- Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of PMC-Sierra, Inc. (Nasdaq: PMCS) by Skyworks Solutions, Inc. (Nasdaq: SWKS). On October 5, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which Skyworks Solutions will acquire PMC-Sierra. Under the terms of the agreement, PMC-Sierra shareholders will receive $10.50 in cash for each share of PMC-Sierra common stock.
View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/pmc-sierra-inc
Is the Proposed Acquisition Best for PMC-Sierra and Its Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board of directors at PMC-Sierra is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.
The $10.50 merger consideration is significantly below the target prices of four analysts ranging from $11.00 set by an analyst at Northland Securities Inc. on July 24, 2015, to $14.00 set by an analyst at Mizuho Securities USA Inc. on July 23, 2015.
PMC-Sierra shareholders have the option to file a class action lawsuit to ensure the board of directors obtains the best possible price for shareholders and the disclosure of material information. PMC-Sierra shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, [email protected], or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
[email protected]
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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SOURCE Robbins Arroyo LLP
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