The Law Office of Abe Shainberg Investigates the Acquisition of Advanced Analogic Technologies Incorporated -- AATI
May 31 2011 - 1:30PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Advanced Analogic Technologies Incorporated (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. (Nasdaq: SWKS). Under the terms of the proposed
transaction, AATI shareholders will receive $3.68 in cash and
0.08725 of a share of Skyworks common stock per AATI share. The
transaction represents a value of $6.13 per share of AATI stock for
an approximate total transaction value of $262 million.
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.
If you own common stock in AATI and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at
as@ashainberglaw.com or by telephone at (212) 425-7286, or visit
http://www.ashainberglaw.com/advanced-analogic-tech.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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