Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pericom Semiconductor Corp. (“Pericom” or the “Company”) (NasdaqGS:PSEM) for potential breaches of fiduciary duties in connection with the sale of the Company to Diodes Corporation for approximately $400 million in a cash transaction.
The Company’s stockholders will only receive $17.00 for each share of Company common stock they own. However, the offer represents an inadequate premium compared to the 52-week high of $16.95.