TMCnet News
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Vitesse Semiconductor Corporation StockholdersKirby McInerney LLP is investigating potential claims against the Board of Directors of Vitesse Semiconductor Corporation ("Vitesse" or the "Company") (NASDAQ:VTSS) concerning the proposed acquisition of the Company by Microsemi (News - Alert) Corporation ("Microsemi") (NASDAQ:MSCC). Under the terms of the definitive agreement, Vitesse stockholders will receive $5.28 in cash for each share of Vitesse common stock they own, valuing the transaction at approximately $389 million. The investigation concerns whether the Vitesse Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company's common stock.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
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