Law Office of Brodsky & Smith, LLC Announces Investigation of MIPS Technologies, Inc.

BALA CYNWYD, Pa., Dec. 3, 2012 — (PRNewswire) — Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of MIPS Technologies, Inc. ("MIPS" or the "Company") (Nasdaq: MIPS) relating to the proposed acquisition of the Company by Imagination Technologies Group PLC ('Imagination") and the sale of the Company's patents to Allied Security Trust ("Allied").

Under the terms of the transaction, Allied will acquire 498 of MIPS patents for $350 million and grant MIPS a perpetual license to the patents. In addition, MIPS will provide a restricted license to Allied for an additional 82 patents. Thereafter, Imagination will purchase MIPS for $60 million. The net proceeds of the two sales represent a purchase price of approximately $7.31 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of MIPS for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and will result in a loss for many MIPS shareholders. For example MIPS stock traded at $17.71 on January 13, 2011 and $7.64 as recently as September 17, 2012. In addition, it has been reported, that MIPS has received an unsolicited merger proposal.

If you own shares of MIPS stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.  You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at Email Contact visiting http://brodsky-smith.com/512-mips-mips-technologies-inc.html, by calling toll free 877-LEGAL-90.

SOURCE Brodsky & Smith, LLC

Contact:
Brodsky & Smith, LLC
MIPS Technologies, Inc.
Imagination Technologies Group PLC
Allied Security Trust
Web: http://www.brodsky-smith.com




Review Article Be the first to review this article
Harris

Featured Video
Jobs
Sr. GIS Technical Analyst for Southern California Edison SCE Transmission and Distribution Organization at Rosemead, CA
Architect for North County Transit District at Oceanside, CA
Director of Mechanical Engineering for Velodyne LIDAR at Morgan Hill, CA
Upcoming Events
2017 GIS/CAMA Technologies Conference at Chattanooga Convention Center Chattanooga Tennessee - Mar 6 - 9, 2017
IGTF 2017 ASPRS Annual Meeting 2017 at Marriot Waterfront Baltimore Baltimore MD - Mar 11 - 17, 2017
MAPPS Federal Programs Conference at Sheraton Hall Silver Spring Maryland - Mar 13 - 15, 2017
WorldCover 2017 Conference at ESRIN Italy - Mar 14 - 16, 2017
GENEQ
Teledyne Optech
University of Denver GIS Masters Degree Online
Teledyne:
xponential2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy