SILICON IMAGE INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Silicon Image Inc. (SIMG) Over the Proposed Sale of the Company to Lattice Semiconductor Corp.
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 Silicon Image Inc. (“Silicon Image” or the “Company”) (NASDAQ: SIMG) for potential breaches of fiduciary duties in connection with the sale of the Company to Lattice Semiconductor for approximately $600 million. The Company’s stockholders will only receive $7.30 for each share of Silicon Image common stock they own, which is much lower than the $8.00 high target for the Company.
The investigation focuses on whether Silicon Image’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 Silicon Image’s shareholders.
If you own common stock in Silicon Image 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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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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