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Finkelstein Thompson LLP Announces Investigation of Conexant Systems, Inc.

^{Published on 2011-01-10 16:26:03 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Conexant Systems, Inc. (aConexanta or the aCompanya) (Nasdaq: CNXT) concerning its potential acquisition by Standard Microsystems Corporation (aSMCSa). Under the terms of the offer, Conexanta™s shareholders will receive approximately $2.25 consisting of $1.125 cash and a fraction of stock for each of their shares. The transaction is valued at $284 million.

The investigation is focused on the potential unfairness of the deal price to Conexanta™s shareholders, the process by which Conexanta™s directors considered the transaction, and potential conflicts of interests on the part of Conexant board members. As recently as February 2010, Conexant shares traded as high as $5.03 per share.

If you are interested in discussing your rights as a Conexant shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.