APPLIED MICRO CIRCUITS CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
November 21 2016 - 12:03PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Applied Micro
Circuits Corporation (NASDAQ GS: AMCC)?
- Did you purchase any of your shares
prior to November 21, 2016?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Applied
Micro Circuits Corporation (“Applied Micro” or the “Company”)
(NASDAQ GS: AMCC) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an
agreement to be acquired by MACOM Technology Solutions Holdings,
Inc. (“MACOM”) (NASDAQ GS: MTSI), in a transaction valued at
approximately $770 million.
Click here to learn more:
http://rigrodskylong.com/investigations/applied-micro-circuits-corporation-amcc.
Under the terms of the agreement, shareholders of Applied Micro
will receive 0.1089 shares of MACOM common stock and $3.25 in cash
for each share of Applied Micro common stock. Based on MACOM’s
closing stock price on November 18, 2016, Applied Micro
shareholders would have received compensation valued at
approximately $8.36 per share.
The investigation concerns whether Applied Micro’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Applied Micro shareholders before entering into
an agreement with MACOM.
If you own the common stock of Applied Micro and purchased your
shares before November 21, 2016, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/applied-micro-circuits-corporation-amcc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20161121005928/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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