WILMINGTON, Del., May 28, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Broadcom Corporation (NASDAQ GS: BRCM)?
- Did you purchase any of your shares prior to May 28, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Broadcom Corporation ("Broadcom" or the "Company") (NASDAQ GS: BRCM) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Avago Technologies Limited ("Avago") (NASDAQ GS: AVGO), in a transaction valued at approximately $37 billion.
Click here to learn more: http://rigrodskylong.com/investigations/broadcom-corporation-brcm.
Under the terms of the agreement, shareholders of Broadcom will have the ability to elect to receive, for each Broadcom share held: (i) $54.50 in cash; (ii) 0.4378 ordinary shares in a newly-formed Singapore holding company ("HoldCo"); (iii) a restricted equity security that is the economic equivalent of 0.4378 ordinary shares of HoldCo that will not be transferable or saleable for a period of one to two years after closing; or (iv) a combination thereof.
The investigation concerns whether Broadcom's board of directors failed to adequately shop the Company and obtain the best possible value for Broadcom's shareholders before entering into an agreement with Avago. According to Yahoo! Finance, at least one analyst has issued a price target for Broadcom stock at $63.00 per share.
If you own the common stock of Broadcom and purchased your shares before May 28, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://rigrodskylong.com/investigations/broadcom-corporation-brcm.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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