NEW YORK, Feb. 5, 2015 /PRNewswire/ -- Popper LLP is
investigating claims on behalf of investors in Entropic
Communications, Inc. ("Entropic") (Nasdaq: ENTR), concerning the
proposed acquisition of Entropic by MaxLinear, Inc. (NYSE: MXL).
Entropic shareholders seeking more information about this
acquisition are advised to contact Carl
Stine at (212) 759-4600 or cstine@wolfpopper.com.
The investigation concerns whether Entropic's directors are
breaching their fiduciary duties by failing to adequately maximize
shareholder value. Under the terms of the proposed
transaction, Entropic's shareholders will receive (i) $1.20 per share in cash and (ii) 0.2200 shares of
MaxLinear common stock for each Entropic share they own. The
proposed transaction is valued at approximately $287 million or $3.07 per share. However, the offer price
is below Entropic's 52-week high price of $4.73 per share and below the median analyst
price target of $3.81 per share.
Wolf Popper LLP has extensive experience representing investors
in mergers and acquisition lawsuits and has successfully ensured
that investors receive the maximum compensation. Twelve Wolf
Popper attorneys were named Rising Stars or Super Lawyers in the
2014 Super Lawyers New York City Metro Edition, including
Wolf Popper partner Carl Stine, who was included in the Super
Lawyers Top 100 List for the New York
City Metro area. View Wolf Popper attorney biographies
at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP