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
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The Law Office of James C. Kelly
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Toll Free Tel: 888-643-7517
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SOURCE The Law Office of James C. Kelly