Faruqi & Faruqi Investigation: Pericom Semiconductor Corp.
Faruqi & Faruqi, LLP Announces the Investigation of Pericom Semiconductor Corp. (PSEM) Over the Proposed Sale of the Company to Diodes Corporation
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pericom Semiconductor Corp. (“Pericom” or the “Company”) (NasdaqGS:PSEM) for potential breaches of fiduciary duties in connection with the sale of the Company to Diodes Corporation for approximately $400 million in a cash transaction.
The Company’s stockholders will only receive $17.00 for each share of Company common stock they own. However, the offer represents an inadequate premium compared to the 52-week high of $16.95.
If you own common stock in Pericom and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F's Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.