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ZILG Zilog (MM)

3.59
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Zilog (MM) NASDAQ:ZILG 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% 3.59 0 01:00:00

Law Office of Brodsky & Smith, LLC Announces Investigation of ZiLog, Corp.

10/12/2009 10:42pm

Business Wire


Zilog (MM) (NASDAQ:ZILG)
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Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of ZiLog, Corp. (“ZiLog” or the “Company”) (Nasdaq: ZILG) relating to the proposed acquisition by IXYS Corp. (“IXYS”). IXYS has agreed to acquire ZiLog in a cash deal valued at approximately $62.4 million.

Under the proposed agreement, ZiLog shareholders will receive $3.58 for every share of ZiLog common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the ZiLog board’s approval of the proposed merger. The price being offered appears to be unfair, in part, given that ZiLog stock was trading at $3.03 a share on December 1, 2009.

If you own shares of ZiLog and wish to discuss the legal ramifications of the proposed acquisition, 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 clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.

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