Rigrodsky & Long, P.A. Announces Investigation Of MEMSIC, Inc. Buyout

Rigrodsky & Long, P.A.:

• Do you own shares of MEMSIC, Inc. (NASDAQ GM: MEMS)?
• Did you purchase any of your shares prior to April 23, 2013?
• Do you think the proposed buyout price is too low?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of MEMSIC, Inc. (“MEMSIC” or the “Company”) (NASDAQ GM: MEMS) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by IDG-Accel China Capital II, L.P. and its affiliates MZ Investment Holdings Limited and MZ Investment Holdings Merger Sub Limited (collectively, “IDG”) in a transaction valued at approximately $88.5 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/memsic-inc-mems.

Under the terms of the agreement, public shareholders of MEMSIC will receive $4.225 per share in cash for each share of MEMSIC they own.

The investigation concerns whether MEMSIC’s board of directors failed to adequately shop the Company and obtain the best possible value for MEMSIC’s shareholders before entering into an agreement with IDG.

If you own the common stock of MEMSIC and purchased your shares before April 23, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Brian Long at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (302) 295-5310, or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/memsic-inc-mems.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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