Faruqi & Faruqi, LLP Announces the Investigation of Montage Technology Group Limited (MONT) Over the Proposed Sale of the Company to Shanghai Pudong Science and Technology Investment Co. (PDSTI)
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 Montage Technology Group Ltd. (“Montage” or the “Company”) (NASDAQ: MONT) for potential breaches of fiduciary duties in connection with the sale of the Company to PDSTI for approximately $693 million. The Company’s stockholders will only receive $22.60 for each share of Montage common stock they own.
The investigation focuses on whether Montage’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Montage’s shareholders.
If you own common stock in Montage and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.