Peiffer Rosca Wolf Investigating Potential Claims on Behalf of Vitesse Semiconductor Corporation Stockholders
20 Marzo 2015 - 11:09PM
Business Wire
The Peiffer Rosca Wolf law firm is investigating potential
claims against the Board of Directors of Vitesse Semiconductor
Corporation (“Vitesse” or the “Company”) (NASDAQ:VTSS) concerning
the proposed acquisition of the Company by Microsemi Corporation
(“Microsemi”) (NASDAQ:MSCC). Under the terms of the definitive
agreement, Vitesse stockholders will receive $5.28 in cash for each
share of Vitesse common stock they own, valuing the transaction at
approximately $389 million.
A copy of the merger announcement and a copy of the Agreement
and Plan of Merger can be obtained at
www.vitesseinvestigation.com.
The investigation concerns whether the Vitesse Board of
Directors violated its fiduciary duties by agreeing to the proposed
transaction and whether the proposed consideration adequately
values the Company’s common stock. According to Barron’s columnist
Tiernan Ray, David Williams and Cody Acree with Ascendiant Capital
Markets cut Vitesse shares to a Hold and “think the price is a bit
low relative to what they think the stock should have fetched.”
http://blogs.barrons.com/techtraderdaily/2015/03/19/vitesse-microsemi-deal-inexpensive-says-asciendiant-brcm-mrvl-could-bid/?mod=yahoobarrons&ru=yahoo
If you are a Vitesse stockholder and wish to obtain additional
information about the investigation or discuss about this matter,
please visit www.vitesseinvestigation.com or contact Alan Rosca or
James Booker toll free at 888-998-0520 or by email at
arosca@prwlegal.com, or by filling out the contact form on our
website, www.vitesseinvestigation.com.
The Peiffer Rosca Wolf Abdullah Carr & Kane law firm
(“Peiffer Rosca Wolf”) represents individual and institutional
investors who have suffered financial losses as a result of
investment fraud or misconduct, Ponzi schemes, unsuitable
investment recommendations, or abusive practices in the financial
industry.
Attorney Advertising. Prior results do not guarantee a similar
outcome. Please visit our website for important disclosures, office
locations, and lawyer admissions. Peiffer Rosca Wolf Abdullah Carr
& Kane, A Professional Law Corporation.
Peiffer Rosca WolfAlan Rosca,
216-589-9280arosca@prwlegal.com
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