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MSPD Mindspeed Technologies, Inc. (MM)

5.05
0.00 (0.00%)
22 Jul 2024 - Closed
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

Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of the Mindspeed Technologies, Inc. Proposed Acquis...

06/11/2013 12:29am

Business Wire


Mindspeed Technologies, Inc. (MM) (NASDAQ:MSPD)
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Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether the Board of Directors of Mindspeed Technologies, Inc. (Nasdaq: MSPD) breached its fiduciary duties in connection with the company’s proposed acquisition by M/A-COM Technology Solutions Holdings, Inc. (MACOM).

On November 5, 2013, MACOM announced that it had entered into a definitive merger agreement to acquire Mindspeed for $5.05 a share.

The investigation will determine whether the Mindspeed’s Board of Directors breached its fiduciary duties to stockholders by failing to satisfactorily shop the Company before entering into the merger agreement. The $5.05 per share acquisition price is well below where the stock was trading in 2012.

If you are a shareholder of Mindspeed and believe 1) the proposed buyout price is too low or 2) the deal favors the officers and directors and not the shareholders or 3) you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-230-0063 Ext. 118.

Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law firm. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.

Johnson & Weaver, LLPJim Baker, 619-230-0063 Ext. 118jimb@johnsonandweaver.com

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1 Year Mindspeed Technologies, Inc. (MM) Chart

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1 Month Mindspeed Technologies, Inc. (MM) Chart

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