An investigation on behalf of investors, who currently hold shares of Sigma Designs Inc (NASDAQ:SIGM), was announced concerning whether the takeover of Sigma Designs Inc. by Silicon Labs is unfair to NASDAQ:SIGM stockholders.

The investigation by a law firm concerns whether certain officers and directors of Sigma Designs Inc breached their fiduciary duties owed to NASDAQ:SIGM investors in connection with the proposed acquisition.

Milpitas, CA based Sigma Designs, Inc. is a provider of global integrated semiconductor solutions. On December 7, 2017, Silicon Labs (NASDAQ: SLAB) and Sigma Designs Inc (NASDAQ:SIGM) announced an agreement under which Silicon Labs will acquire Sigma Designs Inc (NASDAQ:SIGM) for $7.05 per share in a cash transaction valued at approximately $282 million, subject to certain closing conditions.

However, the investigation concerns whether the offer is unfair to NASDAQ:SIGM stockholders. More specifically, the investigation concerns whether the Sigma Designs Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.