INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of TriQuint Semiconductor, Inc. Buyout Proposal
SMITHTOWN, NY, Feb. 25, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of TriQuint Semiconductor, Inc. (“TriQuint”) (NASDAQ GS: TQNT) for possible breaches of fiduciary duties and other violations of law in connection with TriQuint’s agreement to be acquired by RF Micro Devices, Inc. (“RF Micro”)(NASDAQ GS: RFMD).
Under the terms of the proposal, public stockholders of TriQuint would receive 1.675 shares of RF Micro for each share of TriQuint they own.
The investigation concerns whether TriQuint’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to TriQuint’s stockholders would be fair and adequate, and whether TriQuint is acting in its stockholders’ best interests.