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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 Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of ZiLog, Inc. (“ZiLog” or the “Company”) (Nasdaq:ZILG) related to the Company’s Merger Agreement with IXYS Corporation ("IXYS"), Zanzibar Acquisition, Inc., and a wholly-owned subsidiary of IXYS to acquire ZiLog in a cash transaction valued at approximately $62 million.
Under the terms of the Agreement and Plan of Merger entered into by the parties, at the effective time of the merger each issued and outstanding share of ZiLog common stock will be converted into the right to receive $3.5858 in cash. Following completion of the transaction, the IXYS subsidiary will be merged with and into ZiLOG, with ZiLOG continuing after the merger as the surviving corporation and a wholly-owned subsidiary of IXYS. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the Merger Agreement by the ZiLog board of directors.
If you own shares of ZiLog, Inc., if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
1 Year Zilog (MM) Chart |
1 Month Zilog (MM) Chart |
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