UPDATE - INVESTOR ALERT: Levi & Korsinsky, LLP Commences an Investigation of the Board of Directors of Entropic Communication...
February 05 2015 - 12:47PM
Business Wire
Levi & Korsinsky is commencing an investigation into the
Board of Directors of Entropic Communications, Inc. (“Entropic” or
“the Company”) (NASDAQ:ENTR) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to MaxLinear Inc. (“MaxLinear”) (NYSE: MXL).
Click here to learn more about the investigation:
http://www.zlkdocs.com/ENTR-Info-Request-Form-ma-2615.
Under the terms of the transaction, Entropic shareholders will
receive $1.20 per share in cash and 0.2200 shares of MaxLinear
common stock for each Entropic common share they own. Based on
MaxLinear's closing stock price on February 2, 2015, the merger
consideration is valued at approximately $3.01 per Entropic share.
The implied total transaction value is approximately $287 million
and the implied enterprise value is $181 million, net of Entropic's
cash balance as of December 31, 2014. The investigation
concerns whether the Board of Entropic breached their fiduciary
duties to stockholders by failing to adequately shop the Company
before agreeing to enter into this transaction, and whether
MaxLinear is underpaying for Entropic shares. In particular, at
least one analyst set a price target for Entropic stock at $5.00
per share.
If you own Entropic common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://www.zlkdocs.com/ENTR-Info-Request-Form-ma-2615.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
ERShares Entrepreneurs ETF (NASDAQ:ENTR)
Historical Stock Chart
From Jun 2024 to Jul 2024
ERShares Entrepreneurs ETF (NASDAQ:ENTR)
Historical Stock Chart
From Jul 2023 to Jul 2024