PLX Technology, Inc. Merger Litigation (Nasdaq: PLXT)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of
PLX Technology, Inc. in Connection with the Sale of the Company- PLXT
BALA CYNWYD, June 23, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of PLX Technology, Inc. (“PLX Technology” or the “Company”) (Nasdaq –PLXT-News) relating to the proposed acquisition by Avago Technologies Limited (“Avago”).
Under the terms of the transaction, PLX Technology shareholders will receive only $6.50 in cash for each share of PLX Technology stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of PLX Technology for not acting in the Companys shareholders' best interests in connection with the sale process. The transaction may undervalue PLX Technology and represents a loss or no real gain for many long term PLX Technology shareholders. For example, PLX Technology stock traded at $6.83 per share on January 6, 2014 and an analyst has set a $8.00 per share price target on PLX Technology.
If you own shares of PLX Technology 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 firstname.lastname@example.org, 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.
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