STEVENSON, MD -- The securities litigation law firm of Brower Piven has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Pericom Semiconductor Corporation ("Pericom" or the "Company") relating to the proposed buyout of the Company by Diodes Corporation.
Under the terms of the transaction, Pericom shareholders are anticipated to receive $17.00 in cash for each share of Pericom common stock held. 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.
If you currently own common stock of Pericom and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, visit 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.