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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Sigma Designs, Inc. (NASDAQ: SIGM) to Silicon Labs (NASDAQ: SLAB) for $7.05 in cash per share.
The investigation concerns whether the Board of Sigma Designs breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Silicon Labs is underpaying for Sigma Designs shares, thus unlawfully harming Sigma Designs shareholders.
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