The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Advanced Analogic Technologies Incorporated
May 26 2011 - 7:29PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Advanced Analogic Technologies Incorporated (“AATI” or the
“Company”) (Nasdaq: AATI) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to Skyworks Solutions, Inc. (“Skyworks”) (Nasdaq:
SWKS). Under the terms of the transaction, AATI shareholders will
receive $3.68 in cash and 0.08725 of a share of Skyworks common
stock for each share of AATI stock they own. This represents a
value of $6.13 per share of AATI stock, for an approximate total
transaction value of $262 million.
Click here to learn how to join the action:
http://www.zlk.com/advanced-analogic-technologies-aati.html, or
call: 877-363-5972.
The investigation concerns whether the AATI Board of Directors
breached their fiduciary duties to AATI stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Skyworks is underpaying for AATI shares, thus
unlawfully harming AATI stockholders.
If you own common stock in AATI and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://www.zlk.com/advanced-analogic-technologies-aati.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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