WILMINGTON, Del., Feb. 4, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Entropic Communications, Inc. (NASDAQ
GS: ENTR)?
- Did you purchase any of your shares prior to February 3, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Entropic
Communications, Inc. ("Entropic" or the "Company") (NASDAQ GS:
ENTR) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by MaxLinear, Inc. ("MaxLinear") (NYSE: MXL), in a
transaction valued at approximately $287
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/entropic-communications-inc-entr.
Under the terms of the agreement, shareholders of Entropic will
receive $1.20 in cash and 0.22 of a
MaxLinear common share for each share of Entropic common
stock. Based on MaxLinear's closing stock price on
February 2, 2015, Entropic
shareholders would have received consideration valued at
approximately $3.01 per share.
The investigation concerns whether Entropic's board of directors
failed to adequately shop the Company and obtain the best possible
value for Entropic's shareholders before entering into an agreement
with MaxLinear. According to Yahoo! Finance, at least one
analyst has issued a price target for Entropic's stock at
$5.00 per share.
If you own the common stock of Entropic and purchased your
shares before February 3, 2015, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/entropic-communications-inc-entr.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/entropic-communications-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300030832.html
SOURCE Rigrodsky & Long, P.A.