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 firstname.lastname@example.org, 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 email@example.com
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of MEMSIC, Inc. Shareholders
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