|[August 22, 2014]
PEREGRINE ALERT: Proposed Sale of Peregrine Semiconductor Corporation Being Investigated by Johnson & Weaver, LLP
SAN DIEGO --(Business Wire)--
Shareholder rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of Peregrine Semiconductor
Corporation (NASDAQ: PSMI) breached their fiduciary duties in connection
with the proposed $471 million sale of the Company to Murata Electronics
North America, Inc., a wholly owned subsidiary of Murata Manufacturing
If you are a Peregrine shareholder and would like additional
information concerning your legal rights, please contact Johnson &
Weaver's lead analyst Jim Baker at firstname.lastname@example.org
Peregrine provides various radio frequency integrated circuits worldwide.
On Auust 22, 2014, Peregrine and Murata entered into an agreement
whereby Murata will acquire Peregrine in a $471 million transaction.
Under the terms of the agreement, Peregrine shareholders will receive
$12.50 per share in cash. The acquisition is expected to be completed by
year end, although shareholders will likely be asked to vote on the
transaction well before then. Peregrine's initial public offering
("IPO") occurred in August 2012, when shares were offered to the public
Nationally recognized Johnson & Weaver, which focuses its practice on
shareholder rights, is investigating whether the proposed $12.50 per
share deal price represents adequate consideration, especially given the
Company's recent $14.00 IPO price and the outlook and promise of future
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California , New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
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