The firm is investigating the acquisition of PLX Technology, Inc. (PLXT) ("PLX" or the "Company"). It was announced that Avago Technologies Limited and PLX entered into a definitive merger agreement under which Avago will acquire PLX. Under the terms of the agreement, Avago will acquire all the outstanding common shares of PLX common stock for $6.50 per share in cash.
The investigation concerns whether the board of directors and senior management of PLX engaged in a full and fair auction and process to ensure that shareholders obtained the maximum value for their shares, whether the merger price is unfairly low and whether there were any conflicts of interest on the part of management and the board in selling the company. Indeed, analysts have projected that the true going forward inherent value of PLX is at least $8 per share.
If you are a current shareholder and would like to discuss your options of exercising your rights as a shareholder, which include ensuring that the company is getting the highest possible price for the company, and that the board of directors will act in the best interest of the shareholders, please contact us.
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