USA: Harwood Feffer LLP is investigating potential claims against the board of directors of BCD Semiconductor Manufacturing Ltd concerning the proposed acquisition of the company by Diodes Inc. in a transaction valued at approximately $151 million.
On December 26, 2012, BCD announced that it had entered into a definitive agreement pursuant to which the company will be acquired by Diodes. Under the terms of the agreement, holders of BCD American depositary shares will receive $8 for each share owned.
Our investigation concerns whether the BCD board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for company shareholders.
Tuesday, January 1, 2013
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