Harwood Feffer LLP Announces Investigation of Pericom Semiconductor Corp.

NEW YORK, Sept. 3, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Pericom Semiconductor Corp. ("Pericom" or the "Company") (NASDAQ: PSEM) concerning the proposed acquisition of the Company by Diodes Incorporated ("Diodes") (NASDAQ: DIOD).

Pericom designs, manufactures, and markets high-performance digital, analog, and mixed-signal integrated circuits; and frequency control products used in electronic systems worldwide.

Under the terms of the proposed merger, each share of Pericom will be converted into the right to receive $17.00 in cash, without interest.  The aggregate value of the transaction is approximately $400 million.  The boards of both companies have approved the transaction, which is still subject to approval by Pericom's shareholders, as well as other customary closing conditions and regulatory approvals.

Our investigation concerns whether the Pericom board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Pericom shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

James G. Flynn, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: jflynn@hfesq.com 
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP