Robbins Umeda LLP Is Investigating Advanced Analogic Technologies Inc. for Shareholders
May 27 2011 - 8:51PM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm, is
interested in helping shareholders of Advanced Analogic
Technologies Inc. ("AnalogicTech") (NASDAQ: AATI). The firm has
commenced an investigation into possible breaches of fiduciary duty
and other violations of state law by members of the board of
directors of AnalogicTech in connection with their efforts to sell
the company to Skyworks Solutions, Inc. (NASDAQ: SWKS).
If you own stock in AnalogicTech and would like more information
about your shareholder rights, please contact Gregory E. Del Gaizo
at 800-350-6003 or via the shareholder information form on our
website.
On May 26, 2011, Skyworks signed a definitive agreement to
purchase AnalogicTech. Under the terms of the agreement, Skyworks
will acquire AnalogicTech for $6.13 per share, representing $3.68
per share in cash and 0.08725 of a share of Skyworks common stock
for each outstanding share of AnalogicTech.
The investigation focuses on whether AnalogicTech's board is
undertaking a fair process to obtain maximum value and adequately
compensate its shareholders. Certain of AnalogicTech's officers and
directors have entered into a stockholder agreement with Skyworks
in which they have agreed to vote all their shares of AnalogicTech
in favor of adoption of the merger and against any other
acquisition proposal or alternative acquisition agreement made in
opposition to the proposed sale to Skyworks. Moreover, certain
officers and directors of AnalogicTech were granted restricted
stock units in connection with their efforts in negotiating the
agreement with Skyworks.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
firm's skilled litigation teams include former federal prosecutors,
former defense counsel from top multinational corporate law firms,
and career shareholder rights attorneys. Robbins Umeda LLP has
helped its clients realize more than $1 billion of value for
themselves and the companies in which they have invested. For more
information, please go to http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/analogictech/
Attorney Advertising. Past results do not guarantee a similar
outcome.
Advanced Analogic (NASDAQ:AATI)
Historical Stock Chart
From May 2024 to Jun 2024
Advanced Analogic (NASDAQ:AATI)
Historical Stock Chart
From Jun 2023 to Jun 2024