NEW YORK, July 17, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Maxim Integrated Products, Inc. ("MXIM" or the "Company") (NASDAQ: MXIM) in connection with the proposed acquisition of the Company by Analog Devices, Inc. ("ADI") (NASDAQ: ADI). Under the terms of the agreement, MXIM shareholders will be entitled to receive 0.63 shares of ADI common stock for each MXIM share that they own, representing implied per-share merger consideration of $73.07 based upon ADI's July 16, 2020 closing price of $115.98.
If you own MXIM shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw is investigating whether MXIM's board was fully informed as to the valuation of the proposed acquisition of the Company, whether the board acted to maximize shareholder value prior to entering into the acquisition agreement, and whether all information regarding the valuation of the deal will be fully and fairly disclosed to MXIM shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP