Law Office of Brodsky & Smith, LLC Announces Investigation of Techwell, Inc.
23 Marzo 2010 - 5:19PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Techwell, Inc. (“Techwell” or the “Company”) (Nasdaq:TWLL) relating
to the proposed acquisition by Intersil Corporation (“Intersil”).
Under the terms of the offer, Intersil will commence a cash tender
and Techwell shareholders would receive $18.50 for each share of
Techwell stock they own.
The investigation concerns possible breaches of fiduciary duty
and other violations of state law related to the Techwell board’s
approval of the proposed acquisition. Specifically, Techwell
shareholders need additional information to know what actions the
board took to adequately shop the Company before entering into this
transaction and whether Intersil is underpaying for Techwell,
resulting in harm to the Techwell shareholders.
If you own shares of Techwell and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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