|[June 24, 2014]
Law Offices of Howard G. Smith Announces Investigation of PLX Technology, Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that it is investigating
potential claims against the Board of Directors of PLX Technology (News - Alert), Inc.
("PLX" or the "Company") (NASDAQ:PLXT) related to the proposed
acquisition of the Company by Avago Technologies Ltd. The transaction is
valued at roughly $309 million, or $6.50 per share.
This investigation concerns whether the Board of Directors of PLX
breached their fiduciary duties to stockholers by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $3.81 on January 2,
2013 to $6.28 on June 10, 2014. Further, at least one analyst has set a
target price for the Company's stock at $8 per share.
If you are a shareholder of PLX, if you have information or would like
to learn more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847,
Toll-Free at 888-638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
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