BALA CYNWYD, Pa., Feb. 10, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating the legal ramifications of the proposed merger of SiRF Technology Holdings, Inc. ("SiRF" or the "Company") (Nasdaq:SIRF) with CSR plc. ("CSR"). Under the terms of the agreement, SiRF shareholders will receive 0.741 shares of CSR stock for each share of SiRF common stock they own. Based on the closing stock price for CSR on February 9, 2009, SiRF shareholders would receive the equivalent of $2.06 for each of their shares representing total consideration of $136 million. The deal appears to be undervalued given the fact that less than a year ago SiRF stock was trading at over $7.00 a share and as recently as September 2008, SiRF stock traded at over $2.50 a share.
If you are a SiRF shareholder and wish to discuss the legal ramifications of the proposed merger with CSR, 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 Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.