Murray, Frank & Sailer LLP Announces Investigation of the Acquisition of Advanced Analogic Technologies Incorporated by Skywo...
May 27 2011 - 1:41PM
Business Wire
Murray, Frank & Sailer LLP is investigating claims of breach
of fiduciary duty by certain members of the board of directors of
Advanced Analogic Technologies (NASDAQ: AATI) in relation to the
acquisition of AATI by Skyworks Solutions, Inc. (NASDAQ: SWKS).
On May 26, 2011, AATI and Skyworks announced that Skyworks will
acquire AATI pursuant to a transaction under which AATI
stockholders will receive $3.68 in cash and 0.08725 shares of
Skyworks common stock for each share of AATI common stock held. The
deal should have a total an aggregate value of approximately $262
million, or $6.13 per share
The investigation concerns whether certain members of the board
of directors breached their fiduciary duties in connection with
their efforts to sell AATI to Skyworks at an inadequate price
through an unfair process that significantly undervalues the
Company.
If you are a current investor in AATI who purchased AATI before
May 26, 2011, and you wish to discuss this investigation or have
any questions concerning this notice or your rights or interests
with respect to these matters, please contact Gregory Frank at
(800) 497-8076 or (212) 682-1818, or by email at
investigations@murrayfrank.com.
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