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Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Actel Corporation

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  Published in Science and Technology on Monday, October 4th 2010 at 9:30 GMT by Market Wire
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BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Actel Corporation ("Actel" or the "Company") (Nasdaq:ACTL) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Mircosemi Corporation (Nasdaq:MSCC). Under the terms of the proposed transaction, Actel shareholders are to receive $20.88 in cash, for a total value of approximately $430 million, net of cash expected at closing.

The investigation involves whether the Board of Directors of Actel breached their fiduciary duties to Actel stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Actel has disclosed all material information to shareholders about the proposed transaction.

If you own stock in Actel and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [ jstein@jonathansteinlaw.com ] or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L.represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, [ www.jonathansteinlaw.com ], and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.