Science & Technology
Thu, April 19, 2012
DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the sale of [ RF Monolithics, Inc ]. (aRFMIa) (NASDAQ: RFMI) to Murata Electronics North America, Inc. for shareholders. Under the proposed transaction, RFMI shareholders will receive only $1.78 in cash for each share of RFMI stock owned.
"Based on the lack of a significant premium to RFMI shareholders, the firms believe that the buyout price may not be fair to RFMI shareholders. Our proposed shareholder lawsuit seeks to obtain the highest share price for all shareholders."
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The definitive acquisition agreement is expected to close in the third quarter of 2012.
The investigation centers on whether RFMI shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues RFMI stock, and whether RFMI board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, aBased on the lack of a significant premium to RFMI shareholders, the firms believe that the buyout price may not be fair to RFMI shareholders. Our proposed shareholder lawsuit seeks to obtain the highest share price for all shareholders.a
[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
