Law Office of Brodsky & Smith, LLC Announces Investigation of Advanced Analogic Technologies, Inc.
May 31 2011 - 11:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Advanced Analogic Technologies, Inc. (“Advanced Analogic” or the
“Company”) (Nasdaq:AATI) relating to the proposed acquisition by
Skyworks Solutions, Inc. (“Skyworks”).
Under the terms of the transaction, Advanced Analogic
Technologies shareholders would receive $3.68 in cash and 0.08725
shares of Skyworks stock for each share of Advanced Analogic common
stock they own. The transaction values Advanced Analogic stock at
approximately $6.13 per share. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Advanced Analogic by not acting in Advanced
Analogic shareholders' best interests in connection with the sale
process to Skyworks. Certain Advanced Analogic shareholders have
both entered into non-competition agreements and agreed to vote all
their shares in favor of the transaction, which makes a topping
offer less likely.
If you own shares of Advanced Analogic stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/294-aati-advanced-analogic-technologies-inc.html,
or by calling toll free 877-LEGAL-90.
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