EQUITY ALERT: The Rosen Law Firm Announces Investigation of Vitesse Semiconductor Corp. Concerning its Proposed Sale to Micro...
March 19 2015 - 12:54PM
Business Wire
The Rosen Law Firm, P.A., a global investor rights law firm,
announces that it is investigating the Board of Directors of
Vitesse Semiconductor Corporation (NASDAQ:VTSS) for possible
breaches of fiduciary duty and other violations of law by failing
to adequately shop Vitesse to maximize shareholder value before
agreeing to be acquired by Microsemi Corporation (NASDAQ:MSCC).
If you would like to join the action, go to
http://rosenlegal.com/cases-556.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $5.28 in cash for each share of Vitesse common stock they
own. The proposed transaction is valued at approximately $389
million. The investigation relates to whether the proposal is fair
to the public shareholders of Vitesse and whether Vitesse’s Board
breached its fiduciary duties in connection with the proposed
sale.
If you currently own shares of Vitesse Semiconductor and wish to
obtain additional information, please visit the website at
http://rosenlegal.com/cases-556.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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