Harwood Feffer LLP Announces Investigation of Advanced Analogic Technologies Incorporated
June 01 2011 - 11:15AM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
Advanced Analogic Technologies Incorporated ("Advanced Analogic" or
the "Company") (Nasdaq: AATI) concerning the announcement that it
had entered into an agreement and plan of merger with Skyworks
Solutions, Inc. (“Skyworks”) (Nasdaq: SWKS) in a transaction valued
at approximately $258 million.
On May 24, 2011, it was announced that Skyworks agreed to buy
Advanced Analogic. Advanced Analogic shareholders will receive
$3.68 in cash and 0.08725 of a share of Skyworks common stock for
each share of Advanced Analogic, or a total consideration of $6.13
per share. Our investigation concerns the board of directors’
process for consideration of the proposed transaction and whether
the consideration to be paid to Advanced Analogic shareholders is
fair and adequate. In addition, certain officers and directors have
entered into stockholder agreements and have agreed to vote all
their shares in favor of the Skyworks merger.
If you own shares of Advanced Analogic and would like to learn
more about these claims or if you wish to discuss this matter and
have any questions or information concerning this announcement,
please contact Robert I. Harwood, Esq. at rharwood@hfesq.com or
Daniella Quitt, Esq. at dquitt@hfesq.com. You may also call them at
(877) 935-7400. For more information about class actions, please
visit our website: www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm.
Harwood Feffer LLP is devoted to protecting the interests of
individual and institutional investors in shareholder actions in
state and federal courts nationwide.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
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