Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Vitesse Semiconductor Corporation Stockholders
March 18 2015 - 5:40PM
Business Wire
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.
Kirby McInerney LLPJ. Brandon Walker, Esq., (212)
699-1145bwalker@kmllp.comorMelissa Fortunato, Esq., (212)
699-1141mfortunato@kmllp.com
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