SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Hittite Microwave Corporation
19 Giugno 2014 - 3:00AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Hittite Microwave Corporation (“Hittite” or the “Company”)
(Nasdaq:HITT) relating to the proposed acquisition by Analog
Devices, Inc. (“Analog Devices”).
Click here to learn more about the investigation
http://brodsky-smith.com/770-hitt-hittite-microwave-corporation.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Hittite shareholders will
receive only $78.00 in cash for each share of Hittite stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Hittite for not acting in the Company’s shareholders' best
interests in connection with the sale process. The transaction may
undervalue Hittite, which has $492 million in net cash. In
addition, the transaction may improve the growth profile, margins,
and earnings per share of Analog Devices. Consequently, shares of
Analog Devices spiked approximately 5% following the
announcement.
If you own shares of Hittite common 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 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/770-hitt-hittite-microwave-corporation.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 case 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 successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/770-hitt-hittite-microwave-corporation.html
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