PLX TECHNOLOGY (PLXT) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of PLX Technology, Inc.

WILMINGTON, Del., June 23, 2014 /PRNewswire/ -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of PLX Technology, Inc. ("PLX" or the "Company") (NASDAQ: PLXT) relating to the sale of the Company to Avago Technologies Limited (NASDAQ: AVGO) ("Avago"). On June 23, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which Avago will acquire PLX in a merger via a tender offer worth approximately $309 million. As a result of the merger, PLX shareholders are only anticipated to receive $6.50 per share in cash in exchange for each share of PLX they own.

Our investigation so far has revealed that the consideration PLX shareholders are expected to receive is inadequate. Analysts at Yahoo! Finance have set a $8.00 per share price target for PLX and the Company traded as high as $6.54 as of January 22, 2014.

Andrews & Springer is investigating whether PLX directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value.

If you own shares of PLX and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/plxt or contact Craig J. Springer, Esq. at [email protected], or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.

SOURCE Andrews & Springer LLC