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 ensure 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:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC