CAMD California Micro Devices Corp. (MM)

Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of the common stock of California Micro Devices Corporation (“California Micro” or the “Company”) (Nasdaq: CAMD) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company’s Board of Directors to allow the Company to be acquired by On Semiconductor Corporation (“On Semiconductor”) (Nasdaq: ONNN) in a transaction valued at approximately $4.70 in cash per California Micro common share, for aggregate consideration of approximately $108 million.

The current investigation concerns the price to be paid by On Semiconductor to California Micro shareholders and the process by which California Micro’s Board of Directors is addressing the transaction, including whether California Micro’s Board of Directors breached its fiduciary duties to the Company’s shareholders by agreeing to sell the Company at an unfair price. Whereas California Micro’s shareholders will receive $4.70 per share under the terms of the proposed transaction, at least one analyst has set a price target of $6 per California Micro common share, representing a significant potential discount to On Semiconductor.

If you own the common stock of California Micro and wish to obtain additional information about this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duty on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

Attorney advertising. Prior results do not guarantee a similar outcome.

Grafico Azioni California Micro Devices Corp. (MM) (NASDAQ:CAMD)
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Da Apr 2024 a Mag 2024

Grafico Azioni California Micro Devices Corp. (MM) (NASDAQ:CAMD)
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Da Mag 2023 a Mag 2024