WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of PLX Technology, Inc. (NASDAQ GM: PLXT)?
- Did you purchase any of your shares prior to June 23, 2014?
- Do you think the proposed buyout price 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 PLX Technology, Inc. (“PLX” or the “Company”) (NASDAQ GM: PLXT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Avago Technologies Limited (“Avago”) (NASDAQ GS: AVGO), in a transaction valued at approximately $309 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/plx-technology-inc-plxt.
Under the terms of the agreement, public shareholders of PLX would receive $6.50 in cash for each share of PLX they own.
The investigation concerns whether PLX’s board of directors failed to adequately shop the Company and obtain the best possible value for PLX’s shareholders before entering into an agreement with Avago. According to Yahoo! Finance, at least one analyst has issued a price target for PLX stock at $8.00 per share.
If you own the common stock of PLX and purchased your shares before June 23, 2014, 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 firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/plx-technology-inc-plxt.
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.
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