MICREL, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Micrel, Inc. Over the Proposed Sale of the Company to Microchip Technology Inc. - MCRL
May 8, 2015 – 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 Micrel, Inc. (“Micrel” or the “Company”) (Nasdaq: MCRL) for potential breaches of fiduciary duties in connection with the sale of the Company to Microchip Technology, Inc. (Nasdaq: MCHP) for approximately $839 million in a cash or stock transaction. The Company’s stockholders will receive $14.00 for each share of Micrel common stock they own, and will elect to receive their compensation in either cash or stock. At least one analyst has set the price target for Micrel as high as $18.00 per share, $4.00 higher than the deal’s price per share.
The investigation focuses on whether Micrel’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 Micrel’s shareholders.
If you own common stock in Micrel and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Tel: (212) 983-9330
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