SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Hittite Microwave Corp. In Connection With The Proposed Sale O...
17 Giugno 2014 - 3:00AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of
Hittite Microwave Corporation (“Hittite” or “the Company”)
(NasdaqGS: HITT) and other violations of state law by the board of
directors of Hittite relating to the proposed buyout of the Company
by Analog Devices, Inc. (“Analog Devices”).
Under the terms of the transaction, Hittite shareholders will
receive $78 in cash for each share of Hittite stock they own,
representing a total approximate transaction value of $2
billion.
The firm’s investigation seeks to determine, among other things,
whether the Company’s board of directors breached their fiduciary
duties by failing to maximize shareholder value before agreeing to
enter into this transaction, and whether Analog Devices is
underpaying for Hittite shares.
If you currently own common stock of Hittite and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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