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SOURCE Harwood Feffer LLP
NEW YORK, June 23, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of PLX Technology, Inc. ("PLX Technology" or the "Company") (NASDAQ: PLXT) concerning the proposed acquisition of the Company by Avago Technologies Wireless ("Avago").
Under the terms of the transaction, the Avago will purchase PLX Technology in a transaction valued at approximately $309 million. PLX Technology shareholders will receive $6.50 in cash for each share owned.
Our investigation concerns whether the PLX Technology board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company unit holders.
If you own PLX Technology shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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