|[December 03, 2012]
MIPS Investor Alert: Briscoe Law and Powers Taylor Investigate Sale of Patent Properties to AST and Acquisition by Imagination Technologies
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of MIPS Technologies, Inc.'s
("MIPS") (Nasdaq: MIPS) patent properties to Allied Security Test and
the acquisition of the company by Imagination Technologies (News - Alert) Group plc for
shareholders. Under the terms of the proposed deal, MIPS shareholders
will only receive approximately $7.31 in cash for each share of MIPS
stock owned, well below the 52-week high of $7.65 per share.
If you are an affected investr, and you want to learn more about the
lawsuit or join the action, contact Patrick Powers at Powers Taylor,
LLP, toll free (877) 728-9607, via email at email@example.com,
or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via
email at WBriscoe@TheBriscoeLawFirm.com.
There is no cost or fee to you.
The MIPS sale investigation centers on whether MIPS's shareholders are
receiving adequate compensation for their shares in the buyout, whether
the transaction undervalues MIPS's stock, and whether MIPS's board
attempted to obtain the highest share price for all shareholders prior
to agreeing to the deal. According to shareholder rights attorney
Patrick Powers, "due to MIPS's recent performance, the size of the deal
and other factors, we believe that this transaction may undervalue MIPS
stock. Our lawsuit will seek to obtain the highest share price for all
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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