MEMSIC Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP
Investigate Sale to IDG-Accel China Capital II
DALLAS -- April 23, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of MEMSIC, Inc. (“MEMS”) (Nasdaq: MEMS) to IDG-Accel
China Capital II, LLP and its affiliates MZ Investment Holdings Limited and MZ
Investment Holdings Merger Sub Limited for shareholders. Under the terms of
the proposed deal valued at approximately $88.5 million, MEMS shareholders
will receive $4.225 in consideration for each share of MEMS stock owned.
If you are an affected investor, and you want to learn more about the lawsuit
or join the action, please contact Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via email at
firstname.lastname@example.org. There is no cost or fee to you.
The MEMS sale investigation centers on whether MEMS’ shareholders are
receiving adequate compensation for their shares in the proposed deal, whether
the transaction undervalues MEMS’ stock, and whether MEMS’ board attempted to
obtain the highest share price for all shareholders prior to agreeing to the
deal. According to shareholder rights attorney Willie Briscoe, “based upon the
size of the deal and other factors, we believe this transaction may undervalue
MEMS’ stock. Our proposed lawsuit will seek to obtain the highest share price
for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zach Groover, 877-728-9607
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