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Rigrodsky & Long, P.A. Investigates SMART Modular Technologies (WWH), Inc. (Nasdaq: SMOD) Going Private Transaction

^{Published on 2011-04-26 08:50:49 - Market Wire}
 

WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that it is investigating potential claims against the board of directors of SMART Modular Technologies (WWH), Inc. (aSMARTa or the aCompanya) (Nasdaq: [ SMOD ]) concerning possible breaches of fiduciary duty and other violations of law related to the Companya™s entry into an agreement to be acquired and taken private by Silver Lake Partners and Silver Lake Sumeru in a transaction valued at approximately $645 million.

Click here to learn how to join the action: [ http://www.rigrodskylong.com/news/SMARTModularTechnologies-SMOD ].

Under the terms of the merger agreement, SMARTa™s shareholders will receive $9.25 in cash for each share of SMART common stock they own.

The investigation concerns whether SMARTa™s board of directors failed to adequately shop the Company and obtain the best price possible for SMARTa™s shareholders before entering into the agreement with Silver Lake Partners and Silver Lake Sumeru. Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $11.00 per share for SMART stock.

If you own the common stock of SMART and purchased your shares before April 26, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact [ Seth D. Rigrodsky, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].

[ Rigrodsky & Long, P.A. ], with offices in Wilmington, Delaware and Garden City, New York, regularly litigates [ securities class, derivative and direct actions, shareholder rights litigation ] and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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