NASDAQ GS
ISIL

Intersil Corporation

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Intersil Corporation (NASDAQ GS: ISIL) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Intersil Corporation (“Intersil” or the “Company”) (NASDAQ GS: ISIL) 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.

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 info@rl-legal.com.

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.

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