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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Microsemi Corporation (NASDAQGS: MSCC) to Microchip Technology Incorporated (NASDAQGS: MCHP) for $68.78 per share.
The investigation concerns whether the Board of Microsemi breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Microchip Technology Incorporated is underpaying for Microsemi shares, thus unlawfully harming Microsemi shareholders.
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