SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Magnachip Semiconductor Corporation (NYSE - MX)

BALA CYNWYD, PA / ACCESSWIRE / March 26, 2021 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Magnachip Semiconductor Corporation ("Magnachip" or the "Company") (NYSE:MX) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by South Dearborn Limited, an investment vehicle established by Wise Road Capital LTD. Under the terms of the merger agreement, Magnachip stockholders will receive only $29.00 per share in cash for each Magnachip share they own.

The investigation concerns whether the Magnachip Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Wise Road Capital LTD is paying too little for the Company.

If you own shares of Magnachip stock and wish to discuss the legal ramifications of the investigation, 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 Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/magnachip-semiconductor-corporation-nyse-mx/, or call toll free 855-576-4847.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

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