|[June 23, 2014]
PLX Technology, Inc. Board of Directors under Investigation by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP is investigating potential claims against
the Board of Directors of PLX Technology (News - Alert), Inc. ("PLX" or the "Company")
(NASDAQ:PLXT) related to the proposed acquisition of the Company by
Avago Technologies Ltd. The transaction is valued at roughly $309
million, or $6.50 per share.
This investigation concerns whether the Board of Directors of PLX
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $3.81 on January 2,
2013 to $6.28 on June 10, 2014. Further, at least one analyst has set a
target price for the Company's stock at $8 per share.
If you are a shareholder of PLX, if you have information or would like
more about our investigation, 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 Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at (310) 201-9150
or Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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