SMART Modular Technologies (SMOD)

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#5 Holzer Holzer & Fistel, LLC Announces Investigation into the Proposed Buyout of SMART Modular Technologies, Inc.

Press Release Source: Holzer Holzer & Fistel, LLC On Tuesday April 26, 2011, 1:10 pm

ATLANTA--(BUSINESS WIRE)-- Holzer Holzer & Fistel, LLC is investigating whether the directors of SMART Modular Technologies, Inc. (“SMART Modular”) (NASDAQ:SMOD - News) complied with their fiduciary duties in approving the proposed acquisition of the company by Silver Lake Partners. According to SMART Modular’s announcement, if the deal closes SMOD shareholders will receive $9.25 for each share of SMOD owned. The investigation seeks to determine, among other things, whether the consideration to be paid to SMART Modular shareholders is fair and adequate.