INVESTOR ALERT - PLX TECHNOLOGY INC., MERGER INVESTIGATION: The Law Office of James C. Kelly Investigates Claims That the Proposed Acquisition May Not Be in the Best Interest of Investors of PLX Technology Inc.
NEW YORK, June 23, 2014 /PRNewswire/ -- The Law Office of James C. Kelly is investigating claims on behalf of investors of PLX Technology Inc. ("PLX" or the "Company") (NASDAQGM: PLXT), concerning the proposed acquisition of PLX by Avago Technologies Limited. Shareholders of PLX seeking more information about this acquisition are advised to contact James C. Kelly at 888.643.7517 or mailto:[email protected].
On June 23, 2014, PLX and Avago entered into an agreement whereby Avago will acquire PLX. Under the terms of the agreement, PLX shareholders will receive $6.50 per share in cash for each share of PLX they own, in an all-cash transaction valued at approximately $309 million.
The Law Office of James C. Kelly is investigating whether the proposed $6.50 per share deal price represents adequate consideration. PLX stock traded at $6.91 in January 2014. Additionally, Wall Street analysts have an $8.00 per share price target.
The Law Office of James C. Kelly has extensive experience representing shareholders in mergers and acquisition actions. Visit our website for additional information at http://www.jckellylaw.com
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
The Law Office of James C. Kelly
244 5th Avenue, Suite K-278
New York, New York 10001
Tel: 212-920-5042
Toll Free Tel: 888-643-7517
Toll Free Fax: 888-224-2078
Email: [email protected]
SOURCE The Law Office of James C. Kelly
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