Faruqi & Faruqi, LLP Announces Investigation of Advanced Analogic Technologies, Inc.
June 24 2011 - 8:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Advanced Analogic Technologies, Inc. (“Advanced
Analogic” or the “Company”) (NasdaqGS: AATI) for potential breaches
of fiduciary duties in connection with their duty to disclose
material information in the Registration Statement filed jointly by
the Company and its acquirer, Skyworks Solutions, Inc. (“Skyworks”)
(NasdaqGS: SWKS), with the SEC on June17, 2011. The Registration
Statement sets forth the terms of the merger agreement entered into
by the Company and Skyworks on May 26, 2011. In accordance with the
terms of the agreement, Advanced Analogic’s shareholders will
receive $3.68 in cash and 0.08725 share of Skyworks common stock
for each share of the Company they own. This represents a value of
about $6.13 per share for Advanced Analogic.
Request more information now by clicking here:
www.faruqilaw.com/AATI
Whether Advanced Analogic’s Board of Directors breached their
fiduciary duties to Advanced Analogic’s stockholders by failing to
disclose all material information in the Registration Statement;
whether it failed to maximize shareholder value and if so by how
much the sale undervalues the Company to the detriment of Advanced
Analogic’s shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Advanced Analogic and wish to obtain
additional information, please visit us at www.faruqilaw.com/AATI
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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