|[June 16, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Hittite Microwave Corporation In Connection With The Proposed Sale Of The Company To Analog Devices, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Hittite Microwave Corporation
("Hittite" or "the Company") (NasdaqGS: HITT) and other violations of
state law by the board of directors of Hittite relating to the proposed
buyout of the Company by Analog Devices (News - Alert), Inc. ("Analog Devices").
Under the terms of the transaction, Hittite shareholders will receive
$78 in cash for each share of Hittite stock they own, representing a
total approximate transaction value of $2 billion.
The firm's investigation seeks to dtermine, among other things, whether
the Company's board of directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into this
transaction, and whether Analog Devices is underpaying for Hittite
If you currently own common stock of Hittite and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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