Law Firm Brower Piven Announces Investigation of MEMSIC, Inc. Proposed Buyout

  Law Firm Brower Piven Announces Investigation of MEMSIC, Inc. Proposed
  Buyout

Business Wire

STEVENSON, Md. -- April 30, 2013

The securities litigation firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary duty to
current shareholders of MEMSIC, Inc. (“MEMSIC” or the “Company”) (Nasdaq:
MEMS) and other violations of state law by the board of directors of MEMSIC
relating to the proposed acquisition of the Company by IDG-Accel China Capital
II L.P. The firm’s investigation seeks to determine, among other things,
whether the board of directors of MEMSIC breached their fiduciary duties by
failing to maximize shareholder value.

According to the press release announcing the proposed buyout, MEMSIC
shareholders will receive $4.225 in cash for each share of common stock they
own.

If you currently own common stock of MEMSIC and would like to learn more about
the investigation being conducted by Brower Piven, you may email or call
Brower Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven by email at
hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.

Contact:

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com
 
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