Themes & Channels
Seventh Investigation Vs. SST, by Law Offices of Howard G. Smith
This is a Press Release edited by StorageNewsletter.com on Fri, February 5th, 2010
This time for its acquisition by Microchip
Under the terms of the definitive merger agreement entered into by the parties, Microchip will acquire all of the outstanding common stock of Silicon Storage for $2.85 per share in cash, and Sun Acquisition Corp. will be merged with and into Silicon Storage. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the merger agreement by the Silicon Storage board of directors.
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