|By PR Newswire||
|August 22, 2014 12:55 PM EDT||
NEW YORK, Aug. 22, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Peregrine Semiconductor Corporation ("Peregrine" or the "Company") (NASDAQ: PSMI) (ISIN: US71366R7035) (CUSIP: 71366R703) concerning the proposed acquisition of Peregrine by Murata Electronics North America, Inc. a wholly owned subsidiary of Murata Manufacturing Co., Ltd.
Peregrine shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at [email protected] or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the Peregrine directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed acquisition, each outstanding share of Peregrine common stock will receive approximately $12.50 per share in cash. However, the stock traded above the offer price less than 2 years ago and synergies may not be fully reflected in the offer price.
Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 237
SOURCE Pomerantz LLP
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