|[June 23, 2014]
PLX Technology Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Avago Tech
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of PLX Technology (News - Alert), Inc. ("PLX") (NasdaqGM: PLXT) concerning
the merger with Avago Technology. Under the terms of the definitive
agreement, valued at approximately $309 million, PLX shareholders will
only receive $6.50 in cash per PLX share owned. This consideration is
well below the 52-week high of $6.91 and at least one analyst's
estimated value of $.00.
If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be
helpful to the determination of the fairness of the proposed
transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The investigation centers on whether PLX's Board of Directors is acting
in the shareholders' best interests, whether the board is properly
negotiating a higher share price for the shareholders, and whether the
board has employed an adequate process to review and act on the proposed
transaction. Notably, at least one analyst with Yahoo! Finance believes
the true inherent value of PLX could be as high as $8.00 per share.
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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