Microsemi (MSCC) Alert: Johnson Fistel Investigates Proposed Sale of Microsemi Corporation; Are Shareholders Getting a Fair Price?

SAN DIEGO, March 2, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Microsemi Corporation ("Microsemi") (NASDAQ: MSCC) breached their fiduciary duties in connection with the proposed sale of the Company to Microchip Technology Incorporated ("Microchip Technology") (NASDAQ: MCHP)

On March 1, 2018, Microsemi announced that it had signed a definitive merger agreement with Microchip Technology. Under the terms of the agreement, Microchip Technology will acquire all of the outstanding shares of Microsemi for $68.78 in cash.

The investigation concerns whether the Microsemi board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Microsemi shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given the Company's projected revenue and earnings growth and one Wall Street analyst has a $72.00 price target on the stock.

If you are a shareholder of Microsemi and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

About Johnson Fistel, LLP:
Johnson Fistel, 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.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP