Law Firm Brower Piven Announces Investigation of MEMSIC, Inc. Proposed Buyout
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of MEMSIC, Inc. ("MEMSIC" or the "Company") (NAS: MEMS) and other violations of state law by the board of directors of MEMSIC relating to the proposed acquisition of the Company by IDG-Accel China Capital II L.P. The firm's investigation seeks to determine, among other things, whether the board of directors of MEMSIC breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed buyout, MEMSIC shareholders will receive $4.225 in cash for each share of common stock they own.
If you currently own common stock of MEMSIC and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at email@example.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
KEYWORDS: United States North America Maryland
The article Law Firm Brower Piven Announces Investigation of MEMSIC, Inc. Proposed Buyout originally appeared on Fool.com.
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