APPLIED MICRO CIRCUITS CORPORATION SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP
Investigate Sale to MACOM Technology Solutions Holdings, Inc.
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Applied Micro Circuits
Corporation (“Applied Micro”) (NasdaqGS: AMCC) concerning the sale to MACOM Technology Solutions Holdings, Inc. (NasdaqGS: MTSI).
Under the terms of the agreement, Applied Micro shareholders will only receive 0.1089 shares of MACOM common stock and $3.25 in
cash. The total consideration is valued at approximately $8.36 for each share owned, which is virtually no premium over the 52-week
high and lower than at least one analyst’s estimated value of $11.00 per share.
If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm,
PLLC via email at shareholders@thebriscoelawfirm.com,
Patrick Powers at Powers Taylor LLP via e-mail at shareholder@powerstaylor.com or by calling toll free at (877) 728-9607. There is no cost or fee to you.
The investigation centers on whether Applied Micro’s Board of Directors is acting in the shareholders’ best interests, whether
the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on
the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be
as high as $11.00.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more
than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation
matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security
class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 877-728-9607
shareholders@thebriscoelawfirm.com
or
Powers Taylor LLP
Patrick Powers, 877-728-9607
shareholder@powerstaylor.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20161122005179/en/