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

October 12, 2016

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Rigrodsky & Long, P.A.:

  • Do you own shares of Intersil Corporation ?
  • Did you purchase any of your shares prior to September 13, 2016?
  • 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 Intersil Corporation (“Intersil” or the “Company”) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Renesas Electronics Corporation (“Renesas”), in a transaction valued at approximately $3.2 billion.

Click here to learn more: http://rigrodskylong.com/investigations/intersil-corporation-isil.

Under the terms of the agreement, shareholders of Intersil will receive $22.50 in cash for each share of Intersil common stock.

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

If you own the common stock of Intersil and purchased your shares before September 13, 2016, 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 D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected], or at:http://rigrodskylong.com/investigations/intersil-corporation-isil.

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.

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