BALA CYNWYD, Pa., May 28, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Broadcom Corporation. ("Broadcom" or "the Company") (Nasdaq -BRCM-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Avago Technologies Limited ("Avago").
Click here to learn more about the investigation http://brodsky-smith.com/947-brcm-broadcom-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Broadcom shareholders will receive only $54.50 in cash, or 0.4387 of a share of the newly-formed company, or a combination thereof, for each share of Broadcom stock they own. The investigation concerns whether the Board of Broadcom breached their fiduciary duties to shareholders and whether Avago is underpaying for Broadcom. The transaction may undervalue Broadcom and will result in a loss for many Broadcom shareholders. For example, Broadcom stock traded at $57.16 per share as recently as May 27, 2015 and an analyst has set a $60.00 per share price target for Broadcom stock.
If you own shares of Broadcom and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/947-brcm-broadcom-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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