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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 |
Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf Haldenstein”), a leading securities law firm, announces that it is investigating the acquisition of Mindspeed Technologies, Inc. (NASDAQ: MSPD). Mindspeed Technologies announced that it has entered into a definitive agreement to be acquired by M/A-COM Technology Solutions Holdings, Inc. (NASDAQ: MTSI), for $5.05 per share in a cash tender offer. Wolf Haldenstein believes that this is an opportunistic offer as the stock traded above the offer price earlier this year and significantly undervalues the Company.
The investigation concerns whether the Mindspeed Technologies board of directors has breached their fiduciary duties by failing to maximize value for shareholders. Indeed, the sale of the company may not include the company's wireless business, which is to be sold prior to the closing of the transaction. Indeed, if sold, the proceeds may go to M/A-COM and/or other equity holders of Mindspeed Technologies but may not be shared with Mindspeed Technologies shareholders who would only receive the tender offer price of $5.05 per share, which is below where the stock traded earlier this year ($5.27).
Wolf Haldenstein has represented individual and institutional investors for many years, serving as lead counsel in numerous cases in United States federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.
If you are a shareholder of Mindspeed Technologies and would like additional information as to how the acquisition may affect your rights as a shareholder, please contact us at:
Gregory M. Nespole, Esq.Wolf Haldenstein Adler Freeman & Herz LLP270 Madison AvenueNew York, New York 10016
Phone Numbers:(800) 575-0735(212) 545-4657(917) 515-6161
Email:Classmember@whafh.com or nespole@whafh.com and please reference “Mindspeed Technologies Investigation.”
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Wolf Haldenstein Adler Freeman & Herz LLPGregory M. Nespole, Esq.800-575-0735212-545-4657917-515-6161Classmember@whafh.comnespole@whafh.com
1 Year Mindspeed Technologies, Inc. (MM) Chart |
1 Month Mindspeed Technologies, Inc. (MM) Chart |
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