PMC-SIERRA ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of PMC-Sierra, Inc.; Encourages Investors to Contact the Firm for Additional Information

SAN DIEGO--(BUSINESS WIRE)--

Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of PMC-Sierra, Inc. (PMC) PMCS breached their fiduciary duties in connection with the proposed sale of the Company to Skyworks Solutions, Inc.

Additional Information:
PMC designs, develops, markets and supports semiconductor solutions for communications network infrastructure equipment worldwide.

On October 5, 2015, PMC announced it had signed a definitive merger agreement with Skyworks. Under the terms of the agreement, Skyworks will acquire PMC for $10.50 per share in cash.

The investigation concerns whether PMC's board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for PMC's shares of common stock. Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed deal price represents adequate consideration, especially given PMC's outlook for future revenue and earnings growth. Moreover, one Wall Street analyst has a $14.00 price target on the stock which is far more than the $10.50 offer price.

If you are a shareholder of PMC and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

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