updated 5/2/2011 5:45:26 AM ET 2011-05-02T09:45:26

NEW YORK, April 29, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of SMART Modular Technologies (WWH), Inc. ("SMART" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Silver Lake Partners and Silver Lake Sumeru. Under the terms of the transaction, SMART shareholders will receive $9.25 in cash per share of SMART stock they own. The transaction has a total value of approximately $645 million.

Click here to learn how to join the action: http://www.zlk.com/smart-modular-technologies-smod.html , or call: 877-363-5972.

The investigation concerns whether the SMART Board of Directors breached their fiduciary duties to SMART stockholders by failing to adequately shop the Company before entering into this transaction and whether Silver Lake is underpaying for SMART shares, thus unlawfully harming SMART stockholders.  In particular, at least one analyst set a price target of $11.00 per share of SMART stock.

If you own common stock in SMART and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/smart-modular-technologies-smod.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:  Levi & Korsinsky, LLP
          Joseph Levi, Esq.
          Eduard Korsinsky, Esq.
          30 Broad Street - 15th Floor 
          New York, NY 10004
          Tel: (212) 363-7500
          Toll Free:  (877) 363-5972
          Fax: (212) 363-7171
          www.zlk.com

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