Ademi LLP is investigating Silicon Lab (NASDAQ: SLAB) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Texas Instruments.
In the transaction, Silicon Lab stockholders will receive $231.00 per share in an all-cash transaction, representing a total enterprise value of approximately $7.5 billion. Silicon Lab insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Silicon Lab by imposing a significant penalty if Silicon Lab accepts a competing bid. We are investigating the conduct of the Silicon Lab board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
Join this Action