INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of TRIQUINT SEMICONDUCTOR INC. and Its Board of Directors In Connection With the Sale of the Company to RF Micro Devices Inc. -- TQNT - WDRB 41 Louisville News
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SOURCE Levi & Korsinsky, LLP
NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of TriQuint Semiconductor Inc. ("TriQuint" or "the Company") (NasdaqGS: TQNT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RF Micro Devices Inc. ("RF Micro") (NasdaqGS: RFMD).
Under the terms of the transaction, TriQuint shareholders would receive 1.675 shares of the post-merger entity for each share of TriQuint common stock they own; RF Micro shareholders will receive 1 share of the new entity for each share of RF Micro stock they own. The investigation concerns whether the TriQuint Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether RF Micro is underpaying for TriQuint shares.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com