NEW YORK--(EON: Enhanced Online News)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of Symmetricom, Inc. (“Symmetricom” or the “Company”) (NASDAQ:SYMM) concerning the proposed acquisition of the Company by Microsemi Corporation (“Microsemi”). Under the terms of the proposed transaction, Symmetricom stockholders will receive $7.18 in cash for each share of Symmetricom owned, valuing the transaction at approximately $230 million.
The investigation concerns whether the Symmetricom Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $7.18 per share consideration adequately values Symmetricom’s common stock.
If you are a Symmetricom stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.