Briscoe Law Firm Investigates SMART Modular Technologies (WWH), Inc. for Shareholders Concerning Acquisition by Silver Lake P...

The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of SMART Modular Technologies (WWH), Inc. (“SMART Modular”) (NASDAQ: SMOD) related to the buyout of SMART Modular by Silver Lake Partners and Silver Lake Sumeru.

On April 26, 2011, the companies announced a definitive agreement in which SMART Modular will be acquired by Silver Lake through a going private transaction valued at approximately $645 million. Under the proposed buyout, SMART Modular shareholders will receive only $9.25 in cash for each share of SMART Modular/SMOD common stock they hold. The transaction is expected to close in the third quarter of 2011.

The firms are investigating the fairness of the proposed transaction to SMART Modular shareholders and whether SMART Modular’s Board of Directors acted in the shareholders’ best interests. In particular, although the acquisition price represents an approximate 13% premium over SMART Modular’s closing price the day before the announcement, at least one analyst has set a target price as high as $11.00 per share. Further, SMART Modular recently reported positive financial results for the second quarter of 2011. Based these and other factors, the transaction may not be fair to shareholders. The firms are also investigating whether SMART Modular’s Board of Directors adequately considered all viable alternatives before entering into the agreement.

If you currently own shares of SMART Modular/SMOD and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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