BALA CYNWYD, Pa., Jan. 20, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Anadigics, Inc
("Anadigics" or "the Company") (Nasdaq- ANAD-News) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to II-VI Incorporated
("II-VI").
Click here to learn more about the investigation
http://brodsky-smith.com/1023-anad-anadigics-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Anadigics shareholders will
receive only $0.66 in cash for each
share of Anadigics stock they own. The investigation concerns
whether the Board of Anadigics breached their fiduciary duties to
shareholders and whether II-VI is underpaying for the Company. The
transaction may undervalue the Company and would result in a loss
for many Anadigics shareholders. For example, Anadigics stock
traded at $1.50 per share as recently
as April 10, 2015 and an analyst has
set a $1.25 per share price target
for Anadigics stock.
If you own shares of Anadigics and wish to discuss the legal
ramifications of the investigation, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who
will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004,
by visiting http://brodsky-smith.com/1023-anad-anadigics-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC