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SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Vitesse Semiconductor Corp. And Encourages Investors To Contact The Firm For Additional InformationThe securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Vitesse Semiconductor Corp. (News - Alert) ("Vitesse" or the "Company") (Nasdaq: VTSS) relating to the proposed buyout of the Company by Microsemi Corp. Under the terms of the transaction, Vitesse shareholders are anticipated to receive $5.28 in cash for each share of Vitesse common stock held. The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alteratives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Vitesse stock at $6.00 per share. If you currently own common stock of Vitesse 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 protected] 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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