Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Zoran Corporation
07 Marzo 2011 - 9:54PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Zoran Corporation (NASDAQ: ZRAN - News) ("Zoran") by
CSR PLC (“CSR”) in a stock transaction valued at approximately
US$679 million.
Under the terms of the agreement, Zoran shareholders will
receive 1.85 ordinary shares of CSR in the form of American
Depositary Shares (“ADS”), for each share of Zoran common stock
held which, as at close on February 18, 2011 represents a value of
US$13.03 per share of Zoran common stock.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders. If you are a holder of Zoran stock and want to
discuss your legal rights, you may e-mail or call Bull &
Lifshitz, LLP who will, without obligation or cost to you, attempt
to answer your questions.
If you are a shareholder of Zoran and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to Zoran.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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