MINDSPEED SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Mindspeed Technologies, Inc. (MSPD) Over the Proposed Sale of the Company to M/A-Com Technology Solutions Holdings, Inc. (MTSI)
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 Mindspeed Technologies, Inc. (“Mindspeed” or the “Company”) (NasdaqGS: MSPD) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to M/A (NasdaqGS: MTSI) in a cash deal valued at approximately $272 million. Under the terms of the proposed transaction, Mindspeed’s stockholders will receive $5.05 for each share of Mindspeed common stock they own. Mindspeed was trading significantly higher than the offering price in 2012.
The investigation focuses on whether Mindspeed’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Mindspeed’s shareholders.
If you own common stock in Mindspeed 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.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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