[January 27, 2015]

SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Silicon Image, Inc. And Encourages Investors To Contact The Firm For Additional Information

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Silicon Image (News - Alert), Inc. ("Silicon Image" or the "Company") (Nasdaq: SIMG) relating to the proposed buyout of the Company by Lattice Semiconductor Corporation ("Lattice").

On January 27, 2015, Silicon Image and Lattice announced the signing of a definitive agreement pursuant to which Lattice will acquire Silicon Image in a transaction valued at approximately $600 million.

Under the terms of the transaction, Silicon Image shareholders are anticipated to receive $7.30 in cash for each share of Silicon Image common stock held. The transaction is expected to close by the end of March 2015, though Silicon Image shareholders wil most likely be asked to vote on the transaction well before that time.

The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Silicon Image stock at $8.00 per share.

If you currently own common stock of Silicon Image and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

[ Back To TMCnet.com's Homepage ]