Buyout Of Silicon Image, Inc. – National Securities Law Firm Seeks Higher Price For Shareholders. Encourages Shareholders To Contact Law Firm For More Information
January 27, 2015
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Silicon Image, Inc. (NASDAQ: SIMG) (“Silicon Image”) on behalf of its’ shareholders. Lattice Semiconductor Corporation and Silicon Image announced that they have entered into a definitive agreement under which Lattice will acquire Silicon Image for $7.30 per share in cash.
Our investigation has revealed that the offer price of only $7.30 per share unfairly under values the true going forward inherent value of Silicon Image and that shareholders are not receiving the maximum value for their shares. Indeed, among other things, Silicon Image has over $148 million of cash or $1.91 per share and no long term debt, an analyst has projected the stock is worth at least $8 per share, and the stock has traded above the buyout price within the past month ($7.33 per share), negating any premium that is being offered.
If you are a shareholder of Silicon Image and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.