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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 [ Standard Microsystems Corporation ] (aSMSCa)(NASDAQ: SMSC) to Microchip Technology, Inc. for shareholders. Under the proposed agreement, SMSC shareholders will receive only $37.00 per share of SMSC stock owned.

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.

Under the terms of the definitive agreement, the total equity value of the transaction is about $939 million and is expected to close in the third quarter of 2012.

Because SMSC has recently shown positive sales growth, the investigation centers on whether SMSC shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues SMSC stock, and whether SMSCas board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. The firms are investigating whether the buyout price is fair to SMSC shareholders and our proposed shareholder lawsuit seeks to obtain the highest share price for all shareholders.

[ 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.