The Law Office of Joseph Klein Investigates of Advanced Analogic Technologies Incorporated -- AATI
June 07 2011 - 4:56PM
Business Wire
The Law Office of Joseph Klein 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 deal,
Skyworks will pay AATI shareholders $3.68 in cash and 0.08725 of a
share of Skyworks common stock per share. Based on the prior
closing prices, the deal implies a value of $6.13 per share of AATI
stock for a total transaction value of approximately $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 Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/advanced-analogic-aati.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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