Levi & Korsinsky is investigating the Board of Directors of Virage Logic Corporation (“Virage” or the “Company”) (NasdaqGM: VIRL) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Synopsys, Inc. ("Synopsys") (NasdaqGS: SNPS). Under the terms of the transaction, Virage shareholders will receive $12.00 in cash for each Virage share of common stock they own for a total transaction value of approximately $315 million, or approximately $289 million net of the approximately $25.94 million in cash held by the Company.

The investigation concerns whether the Virage Board of Directors breached their fiduciary duties to Virage stockholders by failing to adequately shop the Company before entering into this transaction and whether Synopsys is underpaying for Virage shares, thus unlawfully harming Virage stockholders. In particular, at least one analyst set a price target for Virage stock at $15.85 per share and the median price target set by analysts is $14.43 per share.

If you own common stock in Virage 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 or visit http://www.zlk.com/virage-corporation-virl.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

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