Tower Semiconductor Ltd.

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TSEM STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE SALE OF TOWER SEMICONDUCTOR LTD. IS FAIR TO SHAREHOLDERS – TSEM

February 15, 2022.

New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Tower Semiconductor Ltd. (NASDAQ: TSEM) to Intel Corporation for $53.00 per share in cash is fair to Tower shareholders.

The investigation concerns whether Tower and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Tower shareholders; (2) determine whether Intel is underpaying for Tower; and (3) disclose all material information necessary for Tower shareholders to adequately assess and value the merger consideration. On behalf of Tower shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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