SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of Spansion, Inc. (NYSE: CODE) breached their fiduciary duties in connection with the planned merger of the Company with Cypress Semiconductor Corporation. Spansion designs, manufactures, develops, and sells embedded systems semiconductors worldwide.

On December 1, 2014, Spansion and Cypress Semiconductor announced that they had entered into a definitive merger agreement. Under the terms of the agreement, stockholders of Spansion will receive, for each Spansion share, a fixed exchange ratio of 2.457 shares of Cypress Semiconductor stock.

The investigation concerns whether Spansion’s board failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock. Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed deal price represents adequate consideration, especially given the Company’s recent success and promise of future growth.

If you are a Spansion shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.