Faruqi & Faruqi Investigation: PMC-Sierra Inc.

Faruqi & Faruqi, LLP Announces the Investigation of PMC-Sierra Inc. (PMCS) Over the Proposed Sale of the Company to Skyworks Solutions, Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of PMC-Sierra Inc. (“PMC” or the “Company”) (NasdaqGS:PMCS) for potential breaches of fiduciary duties in connection with the sale of the Company to Skyworks Solutions, Inc. for approximately $2 billion in a cash transaction.
The Company’s stockholders will only receive $10.50 for each share of PMC common stock they own. However, the offer is significantly lower than at least one analyst’s target price of $14.00 per share.
If you own common stock in PMC and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Logo Twitter Facebook LinkedIn Google+