BALA CYNWYD, Pa., Feb. 5, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Entropic
Communications, Inc. ("Entropic" or "the Company")
(Nasdaq-ENTR-News) for possible breaches of fiduciary duty and
other violations of state law in connection with the sale of the
Company to MaxLinear, Inc. ("MaxLinear").
Click here to learn more about the investigation
http://brodsky-smith.com/885-entr-entropic-communications-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Entropic shareholders will
receive only $1.20 in cash and 0.22
of a MaxLinear common share for each share of Entropic stock they
own. The transaction values Entropic stock at only approximately
$3.01 per share. The investigation
concerns whether the Board of Entropic breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
MaxLinear is underpaying for Entropic. The transaction may
undervalue Entropic and will result in a loss for many Entropic
shareholders. For example, Entropic stock traded at $4.73 per share as recently as March 4, 2014 and traded at $13.26 per share on January 4, 2011. In addition, an analyst has set
a $5.00 per share price target for
Entropic stock.
If you own shares of Entropic stock 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/885-entr-entropic-communications-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