Science & Technology
Tue, September 14, 2010Mon, September 13, 2010Sun, September 12, 2010Fri, September 10, 2010Thu, September 9, 2010Wed, September 8, 2010Law Office of Brodsky & Smith, LLC Announces Investigation of Microtune, Inc.
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Published in Science and Technology on Friday, September 10th 2010 at 13:50 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Microtune, Inc. (aMicrotunea or the aCompanya) (Nasdaq: TUNE) relating to the proposed acquisition by Zoran Corporation.
Under the terms of the offer, Microtune shareholders would receive cash of $2.92 for each share of Microtune stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that Microtune stock was trading at $2.55 a share as recently as August 9, 2010 and was trading at $2.95 a share on April 29, 2010.
If you own shares of Microtune 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.