|[June 23, 2014]
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of PLX Technology, Inc. and Its Board of Directors in Connection with the Sale of the Company to Avago Technologies Limited -- PLXT
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of PLX
Technology, Inc. ("PLX Technology (News - Alert)" or "the Company") (NasdaqGM:PLXT) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Avago Technologies Limited
Click here to learn more about the investigation: http://zlk.9nl.com/plx-technology,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, PLX Technology shareholdes will
receive $6.50 in cash for each share of PLX Technology stock they own.
The investigation concerns whether the Board of PLX Technology breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Avago Technologies Limited is underpaying for PLX Technology shares. In
particular, at least one analyst set a price target of $8.00 per share
of PLX Technology for the most recent quarter.
If you own PLX Technology common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/plx-technology.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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