Rigrodsky & Long, P.A. Announces Investigation Of MEMSIC, Inc. Buyout

  Rigrodsky & Long, P.A. Announces Investigation Of MEMSIC, Inc. Buyout

Business Wire

WILMINGTON, Del. -- April 23, 2013

Rigrodsky & Long, P.A.:

  *Do you own shares of MEMSIC, Inc. (NASDAQ GM: MEMS)?
  *Did you purchase any of your shares prior to April 23, 2013?
  *Do you think the proposed buyout price is too low?
  *Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of MEMSIC, Inc. (“MEMSIC” or the
“Company”) (NASDAQ GM: MEMS) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an agreement
to be acquired by IDG-Accel China Capital II, L.P. and its affiliates MZ
Investment Holdings Limited and MZ Investment Holdings Merger Sub Limited
(collectively, “IDG”) in a transaction valued at approximately $88.5 million.

Click here to learn more:
http://www.rigrodskylong.com/investigations/memsic-inc-mems.

Under the terms of the agreement, public shareholders of MEMSIC will receive
$4.225 per share in cash for each share of MEMSIC they own.

The investigation concerns whether MEMSIC’s board of directors failed to
adequately shop the Company and obtain the best possible value for MEMSIC’s
shareholders before entering into an agreement with IDG.

If you own the common stock of MEMSIC and purchased your shares before April
23, 2013, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth Rigrodsky or Brian Long at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone
at (302) 295-5310, or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888)
969-4242; by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/memsic-inc-mems.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Contact:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Brian D. Long
Peter Allocco
888-969-4242
302-295-5310
516-683-3516
Fax: 302-654-7530
info@rigrodskylong.com
http://www.rigrodskylong.com
 
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