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PLX Technology, AŞ Message Board

  • tripplevy12 tripplevy12 Jun 23, 2014 6:25 AM Flag



    NEW YORK, June 23, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of PLX Technology, Inc. (NASDAQ: PLXT) (“PLX” or the “Company”). It was announced that Avago Technologies Limited and PLX entered into a definitive merger agreement under which Avago will acquire PLX. Under the terms of the agreement, Avago will acquire all the outstanding common shares of PLX common stock for $6.50 per share in cash.

    The investigation concerns whether the board of directors and senior management of PLX engaged in a full and fair auction and process to insure that shareholders obtained the maximum value for their shares, whether the merger price is unfairly low and whether there were any conflicts of interest on the part of management and the board in selling the company. Indeed, analysts have projected that the true going forward inherent value of PLX is at least $8 per share.

    If you are a shareholder of PLX and would like additional information as to how the acquisition may affect your rights as a shareholder, please call us at no cost at: 800-511-7037 or visit our website at tripplevy.

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