Breaking News

Tweet TWEET

ATTENTION SHAREHOLDERS: The Sale of MEMSIC, Inc. (MEMS) Under Investigation by The Young Law Firm

  ATTENTION SHAREHOLDERS: The Sale of MEMSIC, Inc. (MEMS) Under Investigation
  by The Young Law Firm

Business Wire

PHOENIXVILLE, Pa. -- April 29, 2013

The Young Law Firm is investigating potential claims against the Board of
Directors of MEMSIC, Inc. (“MEMSIC” or the “Company”) (NasdaqGM: MEMS)
concerning the proposed buyout of the Company by IDG-Accel China Capital II,
LP (“IDG”) and affiliates. The investigation concerns whether MEMSIC’s Board
of Directors obtained fair value for the sale of the Company and whether the
Board has fulfilled its fiduciary duties to MEMSIC’s shareholders in
connection with the sale.

Under the terms of the transaction, shareholders will receive $4.225 per share
in cash in a deal valued at approximately $88.5 million.

Shareholders have rights. If you own shares of MEMSIC and would like to learn
more about these matters, please contact:

Henry Young Esq.
The Young Law Firm
Toll Free: (888) 452-7252
Email: contact@theyounglf.com
or visit:
www.theyounglf.com/memsic-inc-mems-merger-buyout-shareholder-lawsuit/

The Young Law Firm is a national shareholder litigation firm located outside
of Philadelphia, Pa. We protect individual and institutional investors in
state and federal courts nationwide. For more information about the firm and
class action cases in general, please visit our website: www.theyounglf.com.

Legal Notice: Pursuant to the laws of certain states of the United States this
press release may be considered attorney advertising. That The Young Law Firm
may have recovered money and other benefits for shareholders in the past does
not mean they will do so again. Past performance does not guarantee future
results. We are further obliged to tell you that The Young Law Firm may divide
legal fees with other law firms and / or seek referral fees in connection with
the content of this message.

Contact:

The Young Law Firm
Henry Young Esq.
Toll Free: (888) 452-7252
contact@theyounglf.com