BALA CYNWYD, Pa., April 30, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of PLX Technology, Inc. ("PLX" or the "Company") (Nasdaq- PLXT) relating to the proposed acquisition by Integrated Device Technology, Inc. ("Integrated") (Nasdaq-IDTI).
Under the terms of the transaction, PLX shareholders would receive $3.50 in cash and 0.525 shares of Integrated stock for each share of PLX stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of PLX for not acting in the Company's shareholders' best interests in connection with the sale process to Integrated.
If you own shares of PLX stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected] visiting http://brodsky-smith.com/418-plxt-plx-technology-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC