Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of
MEMSIC, Inc. Shareholders
NEW YORK -- April 23, 2013
Kirby McInerney LLP is investigating potential claims against the Board of
Directors of MEMSIC, Inc. (“MEMS” or the “Company”) (NASDAQ: MEMS) related to
the proposed acquisition of the Company by IDG-Accel China Capital II, L.P.
and Affiliates (“IDG”). Under the terms of the proposal, IDG will acquire all
of the outstanding common stock of MEMSIC for $4.225 per share in cash, for a
total transaction value of approximately $88.5 million.
The investigation concerns whether the MEMSIC Board of Directors violated its
fiduciary duties by agreeing to this transaction and whether the proposed
$4.225 per share consideration adequately values MEMSIC common shares.
If you are a MEMSIC shareholder 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
Kirby McInerney LLP is a New York-based law firm concentrating in securities,
shareholder, whistleblower, antitrust and consumer litigation. For additional
information, please go to www.kmllp.com.
Kirby McInerney LLP
J.Brandon Walker, Esq., 212-699-1145 or 888-529-4787
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