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Mon, January 7, 2013
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Law Office of Brodsky & Smith, LLC Announces Investigation of BCD Semiconductor Manufacturing Limited
Law Office of Brodsky & Smith, LLC Announces Investigation of BCD... -- BALA CYNWYD, Pa., Jan. 4, 2013 /PRNewswire/ --
BALA CYNWYD, Pa., Jan. 4, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of BCD Semiconductor Manufacturing Limited ("BCD Semiconductor" or the "Company") (Nasdaq: [ BCDS ]) relating to the proposed acquisition by Diodes, Inc. ("Diodes").
Under the terms of the transaction, BCD Semiconductor shareholders will receive only $8.00 in cash for each American depositary share of BCD Semiconductor they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of BCD Semiconductor for not acting in the Company's shareholders' best interests in connection with the sale process to Diodes. The transaction may undervalue the Company and will result in loss for many long term BCD Semiconductor shareholders. For example BCD Semiconductor stock traded at $10.20 as recently as April 27, 2011 and $11.62 on February 8, 2011. In addition, based upon revenue over the past twelve months, the transaction values BCD Semiconductor at only 0.8 times annual revenue.
If you own American depository shares of BCD Semiconductor and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ] visiting [ http://brodsky-smith.com/523-bcds-bcd-semiconductor-limited.html ], by calling toll free 877-LEGAL-90.
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