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Law Offices of Howard G. Smith Announces Investigation of PLX Technology, Inc.BENSALEM, Pa. --(Business Wire)-- Law Offices of Howard G. Smith announces that it 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 stockholers 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 to learn 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll-Free at 888-638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com. |
