Law Offices of Howard G. Smith Announces Investigation of Advanced Analogic Technologies Incorporated
June 01 2011 - 7:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Advanced Analogic Technologies Incorporated (“Advanced Analogic
Technologies” or the “Company”) (NASDAQ:AATI) related to the
Company’s agreement to be acquired by Skyworks Solutions, Inc.
(“Skyworks”) in a proposed cash-and-stock transaction.
Under the terms of the definitive agreement entered into by the
parties, Advanced Analogic Technologies shareholders will receive
$3.68 in cash and 0.08725 shares of Skyworks common stock for each
share they own of Advanced Analogic Technologies common stock. The
transaction values the Company’s common stock at approximately
$6.13 per share. The investigation concerns possible breaches of
fiduciary duty and other violations of law related to approval of
the proposed transaction by Advanced Analogic Technologies’ board
of directors
If you are a shareholder of Advanced Analogic Technologies, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)
638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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