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| [January 10, 2013] |
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Law Office of Brodsky & Smith, LLC Announces Investigation of BCD Semiconductor Manufacturing Limited
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of BCD Semiconductor
Manufacturing Limited ("BCD Semiconductor" or the "Company") (Nasdaq:
BCDS) relating to the proposed acquisition by Diodes (News - Alert), Inc. ("Diodes").
Under the terms of the transaction, BCD Semiconductor shareholders will
receive only $8.00 in cash for each American depositary share of BCD
Semiconductor they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of BCD Semiconductor for not acting in the Company's
shareholders' best interests in connection with the sale process to
Diodes. Thetransaction may undervalue the Company and will result in
loss for many long term BCD Semiconductor shareholders. For example BCD
Semiconductor stock traded at $10.20 as recently as April 27, 2011 and
$11.62 on February 8, 2011. In addition, based upon revenue over the
past twelve months, the transaction values BCD Semiconductor at only 0.8
times annual revenue.
If you own American depository shares of BCD Semiconductor 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 investorrelations@brodsky-smith.com
visiting http://brodsky-smith.com/523-bcds-bcd-semiconductor-limited.html,
by calling toll free 877-LEGAL-90.

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