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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims That the Merger May Not Be in the Best Interest of Investors of LSI Corporation - LSI

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NEW YORK, Dec. 16, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of LSI Corporation ("LSI" or the "Company") (NASDAQ: LSI) (ISIN: US5021611026) (CUSIP: 502161102) concerning the proposed acquisition of LSI by Avago Technologies Limited.

The investigation concerns whether the LSI directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value.  Under the terms of the agreement, LSI shareholders will receive $11.15 per share in cash for each share of LSI common stock.  However, the Price to EBITDA and Revenue multiples are below the averages of comparable transactions.

LSI shareholders seeking more information about this acquisition are advised to contact Ofer Ganot at oganot@pomlaw.com or 212-661-1100, ext. 315.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT:
Ofer Ganot
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
212-661-1100 ext. 315
oganot@pomlaw.com

SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP



RELATED LINKS
http://www.pomerantzlaw.com

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