BROADCOM SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Broadcom Corporation Over the Proposed Sale of the Company to Avago Technologies

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Broadcom Corporation

May 28, 2015, 10:13 ET from Faruqi & Faruqi, LLP

NEW YORK, May 28, 2015 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Broadcom Corporation ("Broadcom" or the "Company") (NASDAQ: BRCM) for potential breaches of fiduciary duties in connection with the sale of the Company to Avago Technologies for approximately $37 billion

Broadcom shareholders will have several options for the consideration they opt to receive, including: (i) $54.50 in cash; (ii) 0.4378 ordinary shares in a newly-formed Singaporean 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 values offered are less than at least one Broadcom price target, which is set at $63.00. Moreover, the Company's stock has traded at higher than $54.50 over the past year.

Click here for more information: www.faruqilaw.com/BRCM.  There is no cost or obligation to you.

The investigation focuses on whether Broadcom's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Broadcom's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation.  The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Broadcom and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/BRCM or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Contact:

Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. jmonteverde@faruqilaw.com Toll Free: (877) 247-4292 Phone:    (212) 983-9330

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