Powers Taylor, LLP Investigates Advanced Analogic Technologies Incorporated for Shareholders Concerning Acquisition by Skywor...
May 27 2011 - 11:21AM
Business Wire
The Briscoe Law Firm, PLLC, founded by a former state prosecutor
and enforcement attorney for the United States Securities and
Exchange Commission, and the securities litigation law firm of
Powers Taylor, LLP are investigating potential legal claims against
the Board of Directors of Advanced Analogic Technologies
Incorporated (“Advanced Analogic” or “AATI”) (NASDAQ: AATI) related
to the proposed buyout of Advanced Analogic by Skyworks Solutions,
Inc. (NASDAQ: SWKS).
The definitive merger agreement, which was announced on May 26,
2011, involves a stock and cash transaction valued at approximately
$262 million. Under the proposed buyout, Advanced Analogic
shareholders will receive $3.68 in cash and a fixed ratio of
0.08725 shares of Skyworks Solutions, Inc. for each share of
Advanced Analogic common stock they hold. The acquisition price
represents a value of $6.13 per share to Advanced Analogic
shareholders.
The firms are investigating the fairness of the proposed
transaction to Advanced Analogic shareholders and whether Advanced
Analogic’s Board of Directors acted in the shareholders’ best
interests. Although the acquisition price represents a premium
above the closing price of Advanced Analogic shares prior to the
announcement, the firms are investigating whether the price offered
to Advanced Analogic shareholders is adequate. The firms are also
investigating whether Advanced Analogic’s Board of Directors
adequately considered all viable alternatives and properly shopped
the company before entering into the acquisition agreement.
If you currently own shares of Advanced Analogic/AATI and would
like additional information regarding this investigation, or if you
have information regarding the allegations involved in this
transaction, please contact Patrick Powers at Powers Taylor, LLP,
toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com,
or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877)
397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is
no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of
experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters
nationwide, including claims of investor and stockholder fraud,
shareholder oppression, shareholder derivative suits, and security
class actions.
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