Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Advanced Analogic Techn...
June 01 2011 - 8:36AM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of Advanced Analogic Technologies Incorporated
("AATI" or the "Company") (Nasdaq: AATI) for possible breaches of
fiduciary duty and other violations of state law in connection with
their attempt to complete a sale of the Company to Skyworks
Solutions, Inc. (“Skyworks”) (Nasdaq: SWKS). Under the terms of the
proposed transaction, AATI shareholders are to receive
consideration worth $6.13 per share consisting of $3.68 in cash and
.08725 of a share of Skyworks common stock for each outstanding
share of AATI common stock, for a total transaction value of about
$258 million.
The investigation involves whether the Board of Directors of
AATI breached their fiduciary duties to AATI stockholders by
failing to adequately shop the Company before agreeing to enter
into the transaction and whether AATI has disclosed all material
information to shareholders about the proposed transaction. Of
particular interest, certain of AATI's officers and directors have
entered into a shareholder agreement with Skyworks and have agreed
to vote all their shares of AATI in favor of the merger and against
any other acquisition proposal or alternative acquisition agreement
made in opposition to the proposed sale to Skyworks.
If you own stock in AATI and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Jonathan M. Stein, Esq. Law Office of Jonathan M. Stein, P.L. 120
E. Palmetto Park Rd., Suite 420 Boca Raton, FL 33432 (561) 961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
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