NEW YORK, June 20, 2014 /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 Hittite Microwave Corp. ("Hittite") (NASDAQ: HITT) for potential breaches of fiduciary duties in connection with the sale of the Company to Analog Devices Inc. for approximately $2.45 billion. The Company's stockholders will receive $78 for each share of Hittite common stock they own. A complaint was filed in the Court of Chancery of the State of Delaware.
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The investigation focuses on whether Hittite'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 Hittite's shareholders.
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If you own common stock in Hittite and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/HITT or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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