Shareholder rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of PLX Technology, Inc.
(NASDAQ: PLXT), breached their fiduciary duties in connection with the
proposed $309 million sale of the company to Avago Technologies Limited.
Additional Information:
PLX Technology, Inc. designs, develops, manufactures, and sells
integrated circuits worldwide.
On June 23, 2014, PLX Technology and Avago entered into an agreement
whereby Avago will acquire PLX Technology. Under the terms of the
agreement, PLX Technology shareholders will receive $6.50 per share in
cash for each share of PLX they own.
Nationally recognized Johnson & Weaver, which focuses its practice on
shareholder rights, is investigating whether the proposed $6.50 per
share deal price represents adequate consideration. PLX Technology stock
traded at $6.91 in January 2014. Additionally, Wall Street analysts have
an $8.00 per share price target.
If you are a shareholder of PLX Technology and believe (1) the
proposed buyout price is too low and (2) you’re interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim Baker (jimb@johnsonandweaver.com)
at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California and New York. The firm represents
individual and institutional investors in shareholder derivative and
securities class action lawsuits. For more information about the firm
and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
Copyright Business Wire 2014