Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of MEMSIC, Inc. Shareholders

  Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of
  MEMSIC, Inc. Shareholders

Business Wire

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 bwalker@kmllp.com, by
telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact
form.

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.

Contact:

Kirby McInerney LLP
J.Brandon Walker, Esq., 212-699-1145 or 888-529-4787
bwalker@kmllp.com
 
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