|By Marketwired .||
|July 2, 2014 06:51 PM EDT||
NEW YORK, NY -- (Marketwired) -- 07/02/14 -- Levi & Korsinsky notifies investors of PLX Technology, Inc. ("PLX Technology" or "the Company") (NASDAQ: PLXT) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Avago Technologies Limited (NASDAQ: AVGO). A complaint was filed in California state court.
Click here to learn more about the investigation: http://zlk.9nl.com/plx-technology, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, PLX Technology shareholders will receive $6.50 in cash for each share of PLX Technology stock they own. The claims concern whether the Board of PLX Technology breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Avago Technologies Limited is underpaying for PLX Technology shares. In particular, at least one analyst set a price target of $8.00 per share of PLX Technology for the most recent quarter.
If you own PLX Technology common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/plx-technology.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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