NEW YORK, Feb. 4, 2015 /PRNewswire/ -- Tripp Levy
PLLC, a leading national securities and shareholder rights law
firm, announces that it is investigating the potential acquisition
of Entropic Communications, Inc. (NASDAQ: "ENTR") ("Entropic"
or the "Company") on behalf of its' shareholders. MaxLinear, Inc.
and Entropic have entered into an agreement for MaxLinear to
acquire Entropic. Entropic shareholders will receive (i)
$1.20 per share in cash and (ii)
0.2200 shares of MaxLinear common stock for each share Entropic
common share outstanding. Based on MaxLinear's closing stock
price on February 2, 2015, the merger
consideration is valued at approximately $3.01 per Entropic share.
Our investigation has revealed that the offer price of only
$3.01 per share unfairly under-values
the true going forward inherent value of the Company and that
shareholders are not receiving the maximum value for their shares.
Indeed, among other things, the Company's book value is
$2.19 per share, the Company
has no long term debt and has almost $90
million of cash or $1.00 per
share, an analyst has projected the stock is worth at least
$5 per share, and the stock has
traded at the buyout price within the past year ($4.80 per share), negating any premium that is
being offered.
If you are a shareholder of Entropic and would like additional
information as to how the acquisition may affect your rights as a
shareholder, and how you may be eligible to obtain a higher price
for your shares, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders and, along with its affiliate, has recovered billions
of dollars for shareholders in similar actions around the globe.
Tripp Levy PLLC is affiliated with the law firm Milberg LLP.
The National Law Journal has named Milberg one of the "50
Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff
Firms in America." Attorney advertising. Prior results
do not indicate a similar outcome.
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SOURCE Tripp Levy PLLC