Kirby McInerney LLP is investigating potential claims against the Board
of Directors of Vitesse Semiconductor Corporation (“Vitesse” or the
“Company”) (NASDAQ:VTSS) concerning the proposed acquisition of the
Company by Microsemi Corporation (“Microsemi”) (NASDAQ:MSCC). Under the
terms of the definitive agreement, Vitesse stockholders will receive
$5.28 in cash for each share of Vitesse common stock they own, valuing
the transaction at approximately $389 million.
The investigation concerns whether the Vitesse Board of Directors
violated its fiduciary duties by agreeing to the proposed transaction
and whether the proposed consideration adequately values the Company’s
common stock.
If you are a Vitesse stockholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com,
or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at mfortunato@kmllp.com,
or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling
out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in
securities, whistleblower, antitrust and consumer litigation. For
additional information, please go to www.kmllp.com.
Copyright Business Wire 2015