Levetown & Jenkins, LLP Announces an Investigation of the Acquisition of Actel Corporation by Microsemi Corporation

Levetown & Jenkins, LLP is conducting an investigation into alleged breaches of fiduciary duties and violations of state law by Actel Corporation (“Actel”) (NASDAQ: ACTL) and its Board of Directors in conjunction with the proposed buyout and acquisition of Actel by Microsemi Corporation. Under the terms of a definitive merger agreement announced on October 4, 2010, Actel shareholders will receive $20.88 in cash for each share of Actel common stock they hold through a cash tender offer. All shares not tendered will be converted into the right to receive the same per-share cash in the merger. The transaction, which expected to close in January 2011, is valued at approximately $430 million.

The acquisition price represents a premium of only 30% over Actel’s closing price on October 1, 2010. Importantly, Actel reported better than expected earnings for the second quarter of 2010, up 27% from the prior year, and the company’s stock has risen steadily over the past year.

The firm’s investigation concerns whether the proposed acquisition properly values Actel. Specifically, the investigation seeks to determine whether the Actel Board of Directors engaged in a fair process to obtain adequate consideration for all of the company's shareholders, whether the transaction undervalues the company to the detriment of its shareholders and, if so, the extent to which the company is undervalued in the proposed transaction.

Levetown & Jenkins, LLP is a national law firm comprised of former federal and state prosecutors with extensive experience in the investigation and prosecution of shareholder fraud. The firm specializes in the representation of investors in shareholder and securities fraud class actions. If you currently own shares of Actel and wish to obtain additional information about your rights as a shareholder, please contact Michael T. Harrison, Esq. at (877) 494-8808 or mharrison@levjen.com. For more information about the firm, please visit www.levjen.com.

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