NEW
YORK, May 9, 2012 /PRNewswire/
-- Levi & Korsinsky is investigating the Board of
Directors of Standard Microsystems Corp. ("Standard Microsystems"
or the "Company") (Nasdaq: SMSC) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to Microchip Technology Inc. (Nasdaq: MCHP).
Under the terms of the agreement, Standard Microsystems
shareholders will receive $37 per
share. The transaction has a total approximate value of
$939 million.
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Click here to learn how to join the
action: http://www.zlk.com/standard-microsystems-smsc, or call:
877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the
Standard Microsystems Board of Directors breached their fiduciary
duties to Standard Microsystems stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Microchip Technology Inc. is underpaying for Standard
Microsystems shares, thus unlawfully harming Standard Microsystems
stockholders.
If you own common stock in Standard
Microsystems and wish to obtain additional information, please
contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm
with offices in New York and
Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP