SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Spansion, Inc. in Connection with the Sale of the Company -CODE

BALA CYNWYD, Pa., Dec. 2, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Spansion, Inc. ("Spansion") or the "Company") (NYSE –CODE-News) relating to the proposed acquisition by Cypress Semiconductor Corp. ("Cypress").

Click here to learn more about the investigation http://brodsky-smith.com/860-code-spansion-inc.html, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of transaction, Spansion shareholders will receive only 2.457 shares of Cypress for each share of Spansion stock they own. The transaction values Spansion at only approximately $25.63 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Spansion for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue Spansion, which manufactures flash memory chips. The Company focuses on the embedded flash market and flash memory products that primarily store data and software code for microprocessors and controllers. In addition, shares of Cypress rose approximately 16.5% on the announcement and an analyst has set a $26.00 per share price target on Spansion stock.   

If you own shares of Spansion common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/860-code-spansion-inc.html, or calling toll free 877-LEGAL-90. 

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome. 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-brodsky--smith-llc-announces-investigation-of-spansion-inc-in-connection-with-the-sale-of-the-company--code-300003847.html

SOURCE Brodsky & Smith, LLC

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http://www.brodsky-smith.com

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