Faruqi & Faruqi, LLP Announces the Investigation of PMC-Sierra Inc. (PMCS) Over the Proposed Sale of the Company to Skyworks Solutions, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of PMC-Sierra Inc. (“PMC” or the “Company”) (NasdaqGS:PMCS) for potential breaches of fiduciary duties in connection with the sale of the Company to Skyworks Solutions, Inc. for approximately $2 billion in a cash transaction.
The Company’s stockholders will only receive $10.50 for each share of PMC common stock they own. However, the offer is significantly lower than at least one analyst’s target price of $14.00 per share.
If you own common stock in PMC and wish to obtain additional information and protect your investments free of charge, please fill out the form below or 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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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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