|[August 22, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Peregrine Semiconductor Corporation In Connection With The Proposed Sale Of The Company To Murata Electronics North America, Inc.
STEVENSON, Md. --(Business Wire)--
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 Peregrine Semiconductor Corporation ("Peregrine" or the
"Company") (NASDAQ: PSMI) relating to the proposed buyout of the Company
by Murata Electronics North America, Inc., a wholly owned subsidiary of
Murata Manufacturing Co., Ltd. (News - Alert) ("Murata").
On August 22, 2014, Peregrine and Murata announced the signing of a
definitive agreement pursuant to which Murata will acquire Peregrine in
a transaction valued at approximately $471 million.
Under the terms of the transaction, Peregrine shareholders are
anticipated to receive $12.50 n cash for each share of Peregrine they
own. The firm's investigation seeks to determine, among other things,
whether the Company's Board of Directors breached their fiduciary duties
by failing to maximize shareholder value before agreeing to enter into
the transaction, and whether Murata is underpaying for Peregrine shares.
In particular, Peregrine's initial public offering occurred in August
2012, when shares were offered to the public at $14.00 per share.
If you currently own common stock of Peregrine 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@example.com
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.
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