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MSPD Mindspeed Technologies, Inc. (MM)

5.05
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mindspeed Technologies, Inc. (MM) NASDAQ:MSPD NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.05 0 01:00:00

MINDSPEED INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Mindspeed Technologies, Inc. (MSPD) Over the Pr...

15/11/2013 4:29pm

Business Wire


Mindspeed Technologies, Inc. (MM) (NASDAQ:MSPD)
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Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Mindspeed Technologies, Inc.

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Mindspeed Technologies, Inc. (“Mindspeed” or the “Company”) (NasdaqGS: MSPD) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to M/A (NasdaqGS: MTSI) in a cash deal valued at approximately $272 million. Under the terms of the proposed transaction, Mindspeed’s stockholders will receive $5.05 for each share of Mindspeed common stock they own. Mindspeed was trading significantly higher than the offering price in 2012.

Request more information now by clicking here: www.faruqilaw.com/MSPD. There is no cost or obligation to you.

The investigation focuses on whether Mindspeed’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Mindspeed’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Mindspeed and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MSPD or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone: 212-983-9330

1 Year Mindspeed Technologies, Inc. (MM) Chart

1 Year Mindspeed Technologies, Inc. (MM) Chart

1 Month Mindspeed Technologies, Inc. (MM) Chart

1 Month Mindspeed Technologies, Inc. (MM) Chart