MEMSIC Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to IDG-Accel China Capital II Business Wire 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 email@example.com. 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. Contact: The Briscoe Law Firm, PLLC Willie Briscoe, 214-239-4568 WBriscoe@TheBriscoeLawFirm.com or Powers Taylor, LLP Zach Groover, 877-728-9607 firstname.lastname@example.org
MEMSIC Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to IDG-Accel China Capital II
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