An investigation for investors in NASDAQ:SEMI shares was announced concerning whether the takeover of Sunedison Semiconductor Ltd by GlobalWafers Co., Ltd for $12.00 per share is unfair to NASDAQ:SEMI stockholders.
Investors who purchased shares of Sunedison Semiconductor Ltd (NASDAQ:SEMI) and currently hold any of those NASDAQ:SEMI shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Sunedison Semiconductor Ltd breached their fiduciary duties owed to NASDAQ:SEMI investors in connection with the proposed acquisition.
On August 17, 2016, GlobalWafers Co., Ltd. and Sunedison Semiconductor Ltd (NASDAQ:SEMI) announced that they have entered into an agreement for the acquisition by GlobalWafers, through a wholly owned subsidiary, of all of the outstanding ordinary shares of SunEdison Semiconductor in a transaction valued at US$683 million, including SunEdison Semiconductor outstanding net indebtedness. Under the terms of the agreement, Sunedison Semiconductor Ltd (NASDAQ:SEMI )shareholders will receive US$12.00 per share in cash for each ordinary share held,
However, given that at least one analyst has set the high target price for NASDAQ:SEMI shares at $13.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:SEMI stockholders. In addition, given that GlobalWafers currently already owns approximately 4.9% of the outstanding ordinary shares of SunEdison Semiconductor, theinvestigation concerns whether the Sunedison Semiconductor Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of Sunedison Semiconductor Ltd (NASDAQ:SEMI) closed on August 29, 2016, at $11.41 per share.
Those who are current investors in NASDAQ:SEMI shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego